Pace Digitek Subsidiary Signs 3 GWh Battery Supply Pact; Shares Rise

Mumbai, June 29: Pace Digitek Ltd said its wholly owned subsidiary, Lineage Power Pvt. Ltd., has entered into a Master Supply Agreement (MSA) with China’s Guangzhou Rongjie Energy Technology Co. Ltd. (RJE Tech) to procure 3 GWh of lithium iron phosphate (LFP) battery cells, according to an exchange filing on Monday.

The agreement is aimed at strengthening Lineage Power’s Battery Energy Storage System (BESS) manufacturing platform by securing a long-term supply of advanced battery cells and related accessories for utility-scale, commercial and industrial applications.

Under the agreement, RJE Tech will supply next-generation 314Ah storage-specific prismatic LFP cells, while both companies have also agreed on long-term frameworks covering pricing, product quality, warranties, delivery schedules and technical collaboration.

Pace Digitek said the partnership is expected to improve supply-chain visibility, support faster execution of BESS projects and provide a reliable sourcing base as demand for energy storage solutions continues to rise.

The company added that the collaboration also includes provisions for product validation, quality assurance and continuous technology improvement, allowing both companies to work together on future battery innovations.

Commenting on the development, Chairman and Managing Director M. Venugopal Rao Maddisetty said the agreement strengthens the company’s manufacturing ecosystem and enhances its ability to execute large-scale utility and commercial battery energy storage projects with greater confidence.

Stock Market Snapshot

The announcement was well received by investors, with the stock extending gains during Monday’s session.

As of 13:29 IST on June 29, 2026, Pace Digitek shares were trading at ₹202.65, up ₹2.62 or 1.31%. The Pace Digitek share price moved higher as investors reacted positively to the company’s efforts to secure long-term battery cell supplies for its growing energy storage business.

Market participants often view strategic supply agreements as positive because they improve procurement visibility and reduce execution risks for future projects.

Company Background

Pace Digitek Ltd is an infrastructure and energy solutions company with operations spanning the energy, telecom and ICT sectors. The company is involved in manufacturing, engineering, procurement and construction (EPC), operations and maintenance, and infrastructure deployment.

Through its subsidiary Lineage Power, Pace Digitek designs, manufactures and deploys Battery Energy Storage Systems (BESS), DC power systems, AC-DC power supplies and other energy management solutions for industrial and utility applications.

Conclusion

The 3 GWh battery cell supply agreement marks an important step in Pace Digitek’s strategy to expand its presence in India’s fast-growing energy storage market. By securing long-term access to advanced LFP battery cells and establishing a broader technology partnership with RJE Tech, the company aims to strengthen its manufacturing capabilities and improve execution across future BESS projects.

Source:

• https://www.nseindia.com/get-quote/equity/PACEDIGITK/Pace-Digitek-Limited
• https://nsearchives.nseindia.com/corporate/PACE_29062026121015_LPPL_Agreement_Intimation-_Press_Release.pdf