Pace Digitek Secures INR 702 Cr Contract from DVC for 500 MWh BESS Project in Jharkhand

Pace Digitek has announced securing battery energy storage systems (BESS) supply, erection and long-term O&M contracts from Damodar Valley Corporation (DVC) for implementation of a 250 MW/500 MWh BESS project at Maithon, Jharkhand.

The contracts with a combined value of INR 702 crore comprise a supply contract, an EPC services contract and a long-term operation and maintenance (O&M) contract. The scope includes design, engineering, manufacturing-linked supply, installation, testing, commissioning and 12-year comprehensive O&M, along with associated civil, structural and evacuation infrastructure works, the company stated.

Commenting on the development, Venugopal Rao Maddisetty, Chairman and Managing Director, Pace Digitek, said, “This order from DVC reinforces our position in utility-scale energy storage and the strength of our integrated model across manufacturing, EPC and lifecycle services. As energy storage becomes central to renewable integration, we are scaling a manufacturing-led platform aligned to project execution, enabling disciplined delivery, cost efficiency and long-term asset performance. We remain focused on expanding our presence in this high-growth segment.”

This marks the first BESS order win for FY2027, building on the strong momentum achieved in FY2026, where the Company reported energy order inflows of INR 58,147 million, led by increasing traction in BESS and renewable-linked opportunities. The order expands the company’s BESS project portfolio to over 5 GWh, spanning utility-scale storage, renewable integration and grid support applications, stated the company.