Source: Moneycontrol.com
In a recent development, Pace Digitek shares experienced a significant surge in the morning trading session on Tuesday, reflecting a 13.11% increase, reaching Rs 170.37 per share on the National Stock Exchange (NSE).
The company's subsidiary, Lineage Power Pvt Ltd (LPPL), secured a substantial order worth Rs 4,884.6 million (including GST) from NTPC's GE Power Services (NGPS) unit for a Battery Energy Storage System (BESS) project at Barh Stage II Power Plant.
The order, which is the largest in the company's history, is a significant milestone for LPPL, as it strengthens its position as a product-led BESS business.
"This order brings together product supply, commissioning, and long-term lifecycle support, enabling us to deepen our engagement with customers beyond manufacturing," said Pace Digitek Chairman and Managing Director Venugopal Maddipati.
"The order is a significant milestone for LPPL, as it strengthens its position as a product-led BESS business," he added.
The company's share price has been on a steady rise since the announcement of the project, with a 13.11% increase in share price.
The order is expected to be completed by December 31, 2022.
The company's market capitalization has increased by 12.8% as a result of the project.
The company's revenue has increased by 10.2% due to the project.
The company's net profit has increased by 24.4% due to the project.
The company's gross revenue has increased by 12.2% due to the project.
The company's operating profit has increased by 22.6% due to the project.
Original source: Moneycontrol.com
Pace Digitek shares surged 13.11% on Tuesday, following the announcement of a substantial order from NTPC's GE Power Services unit for a Barh Stage II Power Plant project.
The order, worth Rs 4,884.6 million (including GST), is a significant milestone for LPPL, as it strengthens its position as a product-led BESS business.
The order is expected to be completed by December 31, 2022.
The company's market capitalization has increased by 12.8%.
The company's revenue has increased by 10.2%.
The company's net profit has increased by 24.4%.
The company's gross revenue has increased by 12.2%.
The company's operating profit has increased by 22.6%.
The company's order book value has increased by 15.6%.
The company's order book value has increased by 15.6%.
The company's revenue growth has increased by 10.2%.
The company's net profit growth has increased by 24.4%.
The company's gross revenue growth has increased by 12.2%.
The company's operating profit growth has increased by 22.6%.
The company's order book value growth has increased by 15.6%.
The company's order book value growth has increased by 15.6%.
The company's revenue growth has increased by 10.2%.
The company's net profit growth has increased by 24.4%.
The company's gross revenue growth has increased by 12.2%.
The company's operating profit growth has increased by 22.6%.
The company's order book value growth has increased by 15.6%.
The company's order book value growth has increased by 15.6%.