Pace Digitek Ltd Secures ₹185.87 Crore O&M Contract from Tata Teleservices, Shares Rise 3.47%

Mumbai, 8 October 2025: Pace Digitek Limited (BSE: 544550, NSE: PACEDIGITK) announced that it has secured a ₹185.87 crore Operation & Maintenance (O&M) contract from Tata Teleservices Limited, prompting a notable surge in its stock price. The share price rose ₹7.28 or 3.47% to ₹216.80 as of 3:30 p.m. IST, reflecting strong market attention on the company’s strategic expansion in telecom infrastructure services.

Established in 2003 and headquartered in Bangalore, Pace Digitek Limited is a leading provider of telecom infrastructure and energy management solutions, delivering comprehensive services in power management, optical fiber laying, telecom power, and solar solutions. The company was listed on Indian stock exchanges on 6 October 2025 under the telecom infrastructure segment, and the new contract further consolidates its position as a strategic service partner for large telecom operators.

Contract Award Boosts Telecom Operations Across Five Southern States

The contract, commencing in October 2025, spans an initial 3.5-year tenure with the possibility of extension based on mutual agreement. It encompasses Managed Services for both Outside Plant (OSP) Fiber Network and Inside Plant (ISP) Operations, covering Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. The deal positions Pace Digitek as a key service partner in maintaining and optimising the operational efficiency of Tata Teleservices’ critical telecom infrastructure across southern India.

Share Price Reacts Positively with Intra-Day High of ₹222.72

Following the announcement, Pace Digitek shares opened at ₹211.15, hit an intraday high of ₹222.72 and a low of ₹210.85, with a traded volume of 74.88 lakh shares and a turnover of ₹162.86 crore. The company’s market capitalisation stands at ₹4,671.02 crore, reflecting investor focus on its growing O&M portfolio. The 52-week price range of the stock remains between ₹206.39 and ₹231.00, highlighting resilience and steady performance amid a competitive telecom services sector.

Management Highlights Commitment to Quality and Reliability

Mr. Rajiv Maddisetty, Whole-time Director of Pace Digitek Limited, stated, “We are immensely proud that Tata Teleservices has entrusted us with this critical O&M contract. This award underscores the trust and value we deliver in the telecom infrastructure space. We are fully committed to executing this project with the highest standards of service excellence.”

The O&M contract reinforces Pace Digitek’s operational capabilities and highlights its ability to secure significant long-term agreements with major telecom operators. The engagement in five southern states demonstrates the company’s growing footprint and continued focus on delivering critical infrastructure solutions efficiently and reliably.

REF: https://nsearchives.nseindia.com/corporate/PACE_08102025151529_PRESSRELEASE.pdf

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