Pace Digitek Shares Soar 10% on Rs 494.5 Crore NTPC Order

• Pace Digitek share price jumped 10% in early trade on April 1 after receiving a Letter of Acceptance (LoA) worth Rs 494.54 crore from NTPC.
• The LoA is for an EPC package of a Battery Energy Storage System (BESS) at Nabinagar Super Thermal Power Station, including supply and 11 years of annual maintenance.
• The company recently secured another LoA for Rs 22.642 crore from North Western Railway for Lattice Towers and a purchase order worth Rs 158.71 crore from Reliance Industries via its subsidiary Lineage Power.
• Lineage Power also received an advance LOA from RailTel for a Rs 89.07 crore security infrastructure project and a USD 1.34 million purchase order for Mobile BESS.
• Pace Digitek is currently trading 0.97% above its 52-week low of Rs 139.50 and has a market capitalization of Rs 3,040.27 crore.