Pace Digitek Subsidiary Seals Strategic MoUs with Onward Solar and Kalpa Power to Boost Domestic BESS Supply
Pace Digitek Limited announced that its subsidiary, Lineage Power Private Limited (LPPL), has executed two strategic Memorandum of Understanding (MoU) agreements. The partnerships were formalized during the 12th India Energy Storage Week (IESW) 2026 at IICC in New Delhi. These MoUs establish a framework for collaboration aimed at strengthening the supply chain for domestically manufactured Battery Energy Storage Systems (BESS).The two agreements are with Onward Solar Power Private Limited and Kalpa Power Private Limited. Under these collaborations, LPPL will serve as a preferred BESS supply partner across future projects. The integrated services provided through the MoUs include DC Blocks, Power Conversion Systems (PCS), Energy Management Systems (EMS), warranty support, engineering assistance, and lifecycle services.
The collaboration is designed to accelerate the deployment of BESS solutions in India for utility-scale, Commercial & Industrial (C&I) applications. These partnerships are part of Pace Digitek Limited's strategy to expand its product-led energy storage business by engaging with EPC companies, system integrators, and renewable energy developers.
LPPL’s integrated manufacturing capabilities allow the company to offer comprehensive energy storage solutions across the entire value chain.
Speaking on this development, Mr. Venugopal Rao Maddisetty, Chairman & Managing Director of Pace Digitek Limited, stated that these strategic collaborations reinforce the company's commitment to expanding its product supply network within the energy storage ecosystem. He noted that combining LPPL’s integrated manufacturing capabilities with the market execution strengths of their partners will help support the growing deployment of reliable and high-quality BESS across India, as the nation's energy storage market accelerates.
Pace Digitek Limited is an established integrated infrastructure and energy solutions company operating in both the Energy segment and the Telecom & ICT business segments. The Company’s operations span Manufacturing, Engineering, Procurement & Construction (EPC), and Operations & Maintenance (O&M). Through LPPL, Pace Digitek manufactures energy storage systems and related power infrastructure products for the industry.
PACEDIGITK Stock Price Movement
Today, shares of Pace Digitek Limited rallied after trading closed at ₹212.36, marking a 3.31% gain for the company today. The equity saw active participation in the session, with over 3.1 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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