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The Economic Times
The Economic Times
Ritesh Presswala

Pace Digitek shares jump 13% after subsidiary bags Rs 488 crore BESS order

NTPC

Pace Digitek shares rallied as much as 13.2% to Rs 175.37 on the NSE during Tuesday’s trading session after the company announced that its material subsidiary, Lineage Power Private Limited (LPPL), secured a Rs 488.46 crore order from NTPC GE Power Services Private Limited (NGSL) for a Battery Energy Storage System (BESS) project at Barh Super Thermal Power Project (STPP), NTPC Stages I and II.

According to the company’s regulatory filing, the order covers the supply, testing, supervision of erection and commissioning of BESS containers, along with Battery Management Systems (BMS) and Energy Management Systems (EMS). The contract also includes five years of annual maintenance services and a seven-year extended warranty for the battery containers.

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