Pace Digitek Limited has won a ₹7,020 million (approx. ₹702 crore) contract from Damodar Valley Corporation (DVC) to build a massive battery storage facility in Maithon, Jharkhand.
The project will feature a 25 MW / 500 MWh system, designed to store enough energy to power the grid for several hours during peak demand. As part of the deal, pace Digitek will handle everything from building the facility to managing its operations for the next 12 years. This move is a major step in DVC’s plan to use more renewable energy, like solar and hydro, to power the region.
The EPC supply contract comprises end-to-end services, including design, engineering, manufacturing-linked supply, installation, testing, and commissioning, along with a long-term O&M agreement. It also includes a 12-year comprehensive O&M period, supported by associated civil, structural, and evacuation infrastructure works. This marks the company’s first BESS order win for FY2027, building on the strong momentum achieved in FY2026, when it reported energy order inflows of ₹58,147 million, driven by rising traction in BESS and renewable-linked opportunities.
Rise of Renewable Energy Projects in Jharkhand
Based on recent developments, Jharkhand has been witnessing a rise in renewable energy projects. For instance, DVC had earlier awarded a floating solar project in Jharkhand to Oriana Power Limited. The company received purchase orders (POs) from a renewable energy developer for setting up a 234 MW grid-tied Floating Solar PV (FSPV) plant at the Maithon Dam Reservoir of DVC in the state.
Oriana Power will undertake the engineering, procurement, and construction (EPC) of the 234 MW grid-interactive solar PV project at the DVC Maithon Dam Reservoir in Jharkhand. The scope of work broadly includes comprehensive operation and maintenance, with the total contract value estimated at around ₹1,180.53 crore (inclusive of GST). This comprises three individual contracts for the supply of plant and equipment, EPC services, and long-term O&M.
The BESS at Maithon is expected to be charged with a minimum of 85% renewable energy, primarily sourced from floating solar and hydropower assets located at the site. The system will be designed to deliver 250 MW of power for two hours daily—amounting to at least 500 MWh—during peak grid demand over the 12-year O&M period.
DVC has outlined plans to add 3.5 GW of renewable energy (RE) capacity by FY2032. The latest tender aligns with the company’s commitment to meeting Energy Storage Obligations (ESO) as prescribed by the Ministry of New and Renewable Energy (MNRE). As part of this roadmap, DVC aims to install 500 MW / 1,000 MWh of BESS capacity—designed for a two-hour duration with two cycles per day—across multiple locations in its command areas in Jharkhand and West Bengal in a phased manner.
Order Overview
On winning the latest order from DVC, Chairman & Managing Director of Pace Digitek, Venugopal Rao Maddisetty, said: “As energy storage becomes central to renewable integration, we are scaling a manufacturing-led platform aligned to project execution, enabling disciplined delivery, cost efficiency, and long-term asset performance. We remain focused on expanding our presence in this high-growth segment.”
With back-to-back orders from leading utilities, Pace Digitek is growing its BESS business quickly. This new order increases the company’s total BESS portfolio to more than 5 GWh, covering utility-scale storage, renewable energy integration, and grid support projects. It also strengthens the company’s position as a fully integrated BESS player with strong execution and long-term service support.
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