Pace Digitek shares rose ~5% after the company signed an Africa-focused BESS distribution deal with NEC XON Systems Proprietary Limited, giving it market access across five countries and opening a new growth channel in energy storage.
Bangalore-based Pace Digitek signs an OEM exclusivity deal with South Africa-based technology and infrastructure company NEC XON Systems Proprietary Limited to sell its battery storage products across South Africa, Botswana, Mozambique, Namibia and Mauritius.
The deal was announced in regulatory filing on NSE and BSE on April 24, 2026.
In this deal, NEC XON will have exclusive rights to market, distribute and deploy grid-scale Battery Energy Storage Systems (BESS) and related solutions in the markets mentioned above.
Pace Digitek and its subsidiary Lineage Power Private Limited will handle manufacturing and supply, while NEC XON leads execution on the ground.
The partnership is being seen as a market-entry move into Africa, where demand for grid stability and renewable integration is rising. Instead of building a local presence from scratch, Pace Digitek is plugging into NEC XON’s existing network, clients and project experience.
Pace Digitek will focus on product and scale while NEC XON will handle sales, integration and delivery — one builds, the other sells and deploys.
On the back of this news, the stock is currently up at around 5% as of 10:45 AM on Monday, April 27, 2026, trading in the range of ₹175–₹182 as investors see the news as a positive change for the company.
