Pace Digitek Subsidiary Signs Strategic MoU with Bondada Renewable to Strengthen BESS Supply Ecosystem
Bengaluru, July 13, 2026 — Pace Digitek Limited's subsidiary, Lineage Power Private Limited (LPPL), has signed a strategic Memorandum of Understanding (MoU) with Bondada Renewable Energy Private Limited. The agreement was formalized during the 12th India Energy Storage Week (IESW) 2026, held at IICC, Yashobhoomi, New Delhi.This collaboration solidifies Pace Digitek's commitment to product-led growth within India's rapidly expanding Battery Energy Storage System (BESS) ecosystem. The MoU establishes LPPL as a preferred BESS supply partner for future projects.
Under the terms of the agreement, LPPL will support clients by supplying integrated BESS solutions. These solutions cover various components including DC Blocks, C&I BESS cabinets, Residential BESS, PCS, EMS and Battery containers. While the partnership provides a framework for collaboration, project-specific supply arrangements will be determined based on mutually agreed commercial terms.
The signing of this MoU follows two prior strategic collaborations signed by LPPL on the opening day of IESW 2026, enhancing the company's market reach.
Pace Digitek aims to expand its product-led energy storage business through partnerships with EPC companies, renewable energy developers and system integrators. The integration of Bondada Renewable further strengthens this strategic focus.
Commenting on the significance of the development, Mr. Venugopal Rao Maddisetty, Chairman & Managing Director of Pace Digitek Limited, stated that "The addition of another strategic collaboration during India Energy Storage Week reflects the growing market acceptance of our integrated BESS solutions." He added that the company remains focused on strengthening its product supply ecosystem and delivering reliable, high-quality energy storage solutions to support the country's clean energy transition as the market evolves.
Pace Digitek Limited is an established infrastructure and energy solutions company with operations spanning Manufacturing, Engineering, Procurement & Construction (EPC) and Operations & Maintenance (O&M). In the energy segment, the company handles BESS design, manufacturing, integration and deployment through its subsidiary, Lineage Power Private Limited. The company's broader business also includes telecom power system manufacturing and providing EPC and O&M services for digital infrastructure across India.
PACEDIGITK Stock Price Movement
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