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2026-07-20 03:52:56 pm | Source: Accord Fintech
Pace Digitek gains as its arm enters into agreement with MEGMEET Electrical India
Pace Digitek gains as its arm enters into agreement with MEGMEET Electrical India

Pace Digitek is currently trading at Rs. 204.45, up by 2.30 points or 1.14% from its previous closing of Rs. 202.15 on the BSE.

The scrip opened at Rs. 202.10 and has touched a high and low of Rs. 205.75 and Rs. 200.45 respectively. So far 43840 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 232.20 on 10-Oct-2025 and a 52 week low of Rs. 139.50 on 30-Mar-2026.

Last one week high and low of the scrip stood at Rs. 220.00 and Rs. 197.45 respectively. The current market cap of the company is Rs. 4402.29 crore.

The promoters holding in the company stood at 69.52%, while Institutions and Non-Institutions held 6.34% and 24.14% respectively.

Pace Digitek’s subsidiary -- Lineage Power (LPPL) has entered into a strategic cooperation agreement with MEGMEET Electrical India. Building on a business relationship spanning over five years in telecom power solutions, the strategic cooperation expands the collaboration to support opportunities in AI data center power infrastructure while continuing to strengthen integrated power infrastructure solutions.

Under the agreement, MEGMEET will serve as a strategic supplier of AI data center power systems and related products to LPPL. The collaboration includes technical support, product upgrades, training, and lifecycle after-sales services, with product supply to be undertaken through mutually agreed purchase orders. The cooperation builds on the companies' existing telecom power relationship while extending collaboration into AI data center power infrastructure.

The partnership builds on LPPL's established Battery Energy Storage System (BESS) manufacturing and system integration capabilities by adding AI data center power systems to its portfolio. Together, these capabilities broaden Pace Digitek's integrated energy infrastructure offering by combining power management, energy storage and system integration expertise for AI data center applications.

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