Pace Digitek shares rise 3% on winning order of Rs 158.71 crore

Pace Digitek

Pace Digitek share price rose more than 3 percent in the opening trade on February 24 following the purchase order worth Rs 158.71 crore from Reliance Industries.

At 09:16am, Pace Digitek was quoting at Rs 188.80, up Rs 6.70, or 3.68 percent, on the BSE.

In an exchange filing, the company said that its material subsidiary Lineage Power has received a purchase order worth Rs 1,587.10 million (Including GST) from Reliance Industries.

The subsidiary will supply battery packs of Li-ion 48V 15S1P 314 AH, which is to be completed by August 31, 2026.

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Last week, the company secured an advance letter of authorization (LOA) from RailTel Corporation of India for security infrastructure project of Rs 89.07 crore

Also, Lineage Power received a purchase order worth USD 1,346,210.00 from Yaqin Che for supply of Mobile Battery Energy Storage System (BESS).

In the previous trading session, the share closed at Rs 184.05, up Rs 5.10, or 2.85 percent.

The share touched a 52-week high of Rs 232.20 and a 52-week low of Rs 160.15 on 10 October, 2025 and 27 January, 2026, respectively.

Currently, the stock is trading 21.92 percent below its 52-week high and 13.21 percent above its 52-week low.

The market capitalisation of the company stands at Rs 3,972.74 crore.