Once known primarily as a reliable infrastructure provider for India’s telecom sector, Pace Digitek is undergoing a massive transformation. From laying OFC cables and setting up telecom towers across regions, the company is now gearing up for the next big leap—Battery Energy Storage Systems (BESS) manufacturing.
At the heart of this transformation lies its key subsidiary, Lineage Powertech Pvt Ltd, and a new 5 GWh capacity manufacturing facility in Bidadi, Bengaluru.
Pace Digitek’s legacy lies in building the invisible backbone of India’s digital economy. From installation of telecom towers, fiber optic cable networks, to managed services, the company has been a silent enabler of India’s 4G and now 5G rollout.
But as the telecom infrastructure sector matures and growth slows, the company took a bold call—diversify into green energy.
Recognizing the opportunities in clean energy and power storage, Pace Digitek acquired Lineage Powertech, a technology firm with focus on energy systems. This acquisition paved the way for entering the Battery Energy Storage Systems (BESS) segment—a high-growth sector expected to expand at 25–30% CAGR globally.
In April 2025, Lineage commissioned its 5 GWh BESS manufacturing plant in Bidadi, Karnataka.
This facility is designed to produce:
| Component | Type | In-house / Outsourced |
|---|---|---|
| Battery Packs | LFP and NMC chemistries | ✅ In-house |
| Battery Management Systems | Monitoring, protection, communication | ✅ Integration In-house; sourcing chips |
| Containerized BESS Units | 50kWh to 1MWh scalable systems | ✅ In-house design |
| Thermal Management Systems | Cooling, ventilation | ✅ Integrated with external parts |
| Battery Cells | Lithium-ion based | ❌ Sourced from China/Korea/India |
| Software / EMS | Energy management software | ✅ Partially in-house; partially licensed |
| Testing & Certification | Safety, thermal, endurance | ✅ In-house + external NABL labs |
The goal is to own the entire value chain from pack assembly to system integration, while gradually reducing dependence on foreign cells and control software.
Higher Margin Business: BESS projects command better pricing and margins.
New Market Verticals: Energy, EV infra, commercial & industrial clients, data centers, DISCOMs.
Tender Participation: Rising interest in grid-scale BESS tenders (SECI, NTPC, etc.).
Brand Transition: From infra service vendor to a cleantech OEM.
Cross-Sell Potential: Telecom clients like Jio, Airtel, BSNL may become BESS clients.
Battery Energy Storage Systems (BESS) are industrial-grade batteries that store energy and discharge when needed—essential for modern renewable-powered grids.
Renewable energy storage
Grid balancing
Mission-critical backup
EV charging infra
Industrial energy efficiency
Pace Digitek operates as a full-service provider in telecom and energy infrastructure, offering:
Core Services:
Power Management Systems: For telecom towers.
Optic Fiber Laying: High-speed fiber networks.
Renewable Energy Solutions: Green energy project implementation.
Market Segments Served:
Telecom Operators
Government Electrification Projects
Private Infra Developers
| Revenue Source | Description |
| Product Sales | Power & renewable energy products |
| Project Implementation | OFC & infra-based project income |
| O&M Services | Recurring income from long-term maintenance contracts |
| Metric | 2023 | 2024 | 6M FY25 |
| Revenue (₹ Cr) | 503.19 | 2434.4 | 1188.3 |
| PAT (₹ Cr) | 16.15 | 229 | 152 |
| EBITDA (₹ Cr) | 39.7 | 423 | 300 |
| Net Profit Margin (%) | 3.29% | 9.44% | 12.79% |
| Cash from Operations (₹ Cr) | -43.7 | 213.9 | -530.8 |
| Closing Cash (₹ Cr) | -51.3 | 8.54 | 132.7 |
Jan 2025: Price stable around ₹240–₹245.
Feb 2025: Major spike to ₹300+ following news of the BESS facility announcement.
Late Feb – Early Mar: Sharp correction to ₹240 due to profit booking.
March 2025: Sudden drop to ₹210—possibly triggered by muted financials for FY24.
April 2025: Short rally to ₹250+, followed by gradual decline.
May to June 2025: Rangebound between ₹210–₹215, showing low investor activity.
July 9, 2025: Current Price: ₹205 — down 15.17% in a single session.
The stock shows high volatility, often reacting to company announcements.
Sustained value will depend on execution of BESS strategy and market sentiment in the unlisted space.
| Companies | Revenue (in ₹ Cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in ₹ Cr) | P/E |
| Pace Digitek Limited(6M FY25) | 1188.3 | 25.25% | 12.79% | 18.72% | 0.49 | 3658 | 15.08 |
| HFCL Limited(FY 25) | 4065 | 11.00% | 4.26% | 7.67% | 0.33 | 11,902 | 98.67 |
| Exicom Tele-Systems Limited(FY25) | 868 | -4% | -12.70% | -5.94% | 1.15 | 2567 | In loss |
| Bondada Engineering Limited(FY25) | 1571 | 11% | 7.34% | 40.40% | 0.41 | 4731 | 42.3 |
| Risk Factor | Impact Area | Mitigation Need |
| Customer Concentration (83–99%) | Revenue collapse if 1–2 key clients exit | Diversify client base; strengthen contract terms |
| Govt. Tender Dependence (95%) | Margin pressure; policy risk | Improve cost efficiency; explore private sector opportunities |
| Telecom Sector Over-reliance (94%) | Vulnerable to telecom capex cycles | Expand energy/ICT verticals; reduce sector dependence |
| Geographic Concentration (70%) | Regional risks (political/natural) | Expand geographically; decentralize operations |
| Vendor Dependency (62%) | Supply chain disruption | Multi-sourcing strategy; vendor redundancy |
This is a make-or-break moment for Pace Digitek. With growing demand, a live facility, and integrated manufacturing capabilities, the company is well-positioned to become a pioneer in India’s energy storage market.
From a telecom infra contractor to a cleantech manufacturing challenger, Pace Digitek Infra's journey is bold and calculated. With strong financials, a future-focused roadmap, and a high-potential BESS strategy, the company is one to watch in India’s evolving infrastructure landscape.
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