Pace Digitek Subsidiary Secures Major 3 GWh Supply Agreement for BESS Manufacturing
India, June 29 -- Shares of Pace Digitek Limited are likely to remain in focus after the company announced that its material subsidiary, Lineage Power Private Limited, has entered into a Master Supply Agreement (MSA) with Guangzhou Rongjie Energy Technology Co., Ltd. (RJE Tech), a leading Chinese manufacturer of lithium-ion battery cells.
With a market capitalization of Rs. 4,336.45 crores, the share of Pace Digitek Limited has reached an intraday high of Rs. 203.90 per equity share, rising nearly 2.21 percent from its previous day's close price of Rs. 199.50. Since then, the stock has retreated and is currently trading at Rs. 201.45 per equity share.
According to the company's regulatory filing, Lineage Power has signed a long-term Ma...
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