Pace Digitek's Lineage Power inks BESS MOU — no value, no deadlines
The non-binding agreement with Onward Solar and Kalpa Power covers DC blocks, C&I and residential cabinets, but lacks order size or timelines.
— 6 earlier stories on Pace Digitek Ltd. →What's new
- Pace Digitek’s subsidiary Lineage Power signed a non-binding MOU with Onward Solar and Kalpa Power for BESS supply.
- Scope includes DC blocks, C&I and residential BESS cabinets, power conversion, and energy management systems.
- No financial value, volumes, or binding terms were disclosed.
Why this matters
This MOU is a preliminary step in Pace Digitek's battery storage push, but with no committed offtake it adds no new revenue visibility. The company already has an ₹11,338 cr order book and is investing ₹200 cr to expand capacity to 10 GWh. The MOU is a signal, not a catalyst.
What we're watching
- Whether binding supply agreements follow from this MOU.
- Execution on the 10 GWh capacity expansion and cell supply (3 GWh LFP secured).
- Further order inflow disclosures that move the needle on the existing order book.
The full read
Pace Digitek's material subsidiary Lineage Power has signed a non-binding Memorandum of Understanding with Onward Solar Power Private Limited and Kalpa Power Private Limited for the supply of Battery Energy Storage Systems. The MOU covers DC blocks, C&I BESS cabinets, residential BESS, power conversion systems, energy management systems, and battery containers. No value, no volume, no deadlines. That makes it a preliminary gesture, not a revenue event. The broader context is that Pace Digitek is already on a major battery storage expansion: ₹200 cr capex to take capacity from 2.5 GWh to 10 GWh, 3 GWh of LFP cells secured, and an order book of ₹11,338 cr. This MOU adds no new numbers to that picture. Until binding orders emerge, it's a data point of commercial interest, not a catalyst. The company's latest quarterly sales of ₹1,097 cr and net profit of ₹106 cr show execution momentum that will matter far more than a non-binding MOU.
Questions answered
- What products does the MOU cover?
- It covers DC blocks, C&I BESS cabinets, residential BESS, power conversion systems, energy management systems, and battery containers.
- Who are the counterparties?
- Onward Solar Power Private Limited and Kalpa Power Private Limited, both domestic companies.
- How does this fit into Pace Digitek's existing plans?
- In June, Pace committed ₹200 cr to expand battery storage capacity to 10 GWh and secured 3 GWh of LFP cells. This MOU is a customer-sourcing step within that strategy.
- Why is the stock unlikely to react?
- The MOU is non-binding without any order value or volumes, so it doesn't affect near-term earnings visibility for a company with ₹11,338 cr in orders.
- What was Pace Digitek's latest quarterly performance?
- Mar 2026 quarter: sales ₹1,097 cr, net profit ₹106 cr, with trailing ROE of 22.9%.
- What is the significance of Lineage Power?
- Lineage Power is a material subsidiary of Pace Digitek, active in power and energy storage systems.
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All notes on PACEDIGITK →- 9 Jul 2026 · 6:52 PM IST Pace Digitek's Lineage Power inks BESS MOU — no value, no deadlines
- today Lineage Power signs BESS MoU with Bondada — no numbers disclosed
- 11d ago Pace Digitek locks in 3 GWh of LFP cells for its 10 GWh battery push
- 20d ago Pace Digitek commits ₹200 cr to quadruple battery storage capacity
- 37d ago Pace Digitek's ₹11,338 cr order book and lithium hedge detailled in transcript