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According to the company’s filing, the order has been awarded by a domestic entity. The nature of the contract fully matches the detailed scope of work specified, spanning engineering through commissioning and O&M. Shares of Pace Digitek Ltd ended at ₹212.85, down by ₹5.95, or 2.72%, on the BSE.
Telecom infrastructure solutions provider Pace Digitek Ltd on Monday (November 17) said it has received an order valued at ₹929.76 crore (including taxes) from Maharashtra State Power Generation Company Limited (MSPGCL).
The mandate covers design, engineering, manufacturing, supply, erection, inspection, installation, testing and commissioning of a 200 MWAC grid-connected ground-mounted solar PV power plant under 300 MWAC, along with the associated power evacuation arrangement to the STU substation. The scope also includes three years of operation and maintenance.
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According to the company’s filing, the order has been awarded by a domestic entity. The nature of the contract fully matches the detailed scope of work specified, spanning engineering through commissioning and O&M. The project must be executed within 450 days from the date of acceptance of the Letter of Award.
Pace Digitek stated that neither the promoter nor the promoter group has any interest in MSPGCL, and the order does not fall under related party transactions.
Incorporated in 2007, Pace Digitek is a multi-disciplinary solutions provider specialising in the telecom passive infrastructure industry, including telecom tower infrastructure and optical fibre cables.
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Shares of Pace Digitek Ltd ended at ₹212.85, down by ₹5.95, or 2.72%, on the BSE.
