Lineage Power wins Rs 1,587 million battery order from Reliance
Author: PPD Team Date: February 24, 2026
Author: PPD Team Date: February 24, 2026
Pace Digitek Limited’s material subsidiary, Lineage Power Private Limited, has received a purchase order valued at Rs 1,587.10 million (including GST) from Reliance Industries Limited for the supply of lithium-ion battery packs, according to a stock exchange disclosure made on Monday.
The order, bearing PO No. 103/440051481, covers the supply of Li-ion 48V 15S1P 314 AH battery packs. Delivery is scheduled for completion by August 31, 2026.
The contract represents a notable addition to Bengaluru-based Lineage Power Private Limited’s subsidiary, which focuses on power solutions. The scope includes supply of advanced lithium-ion battery packs, reflecting rising demand for energy storage solutions across industrial applications.
The agreement sets a defined execution timeline, with delivery required by August 31, 2026. This provides visibility on project execution and revenue recognition over the coming months.
The order strengthens the company’s order book in the lithium-ion battery segment, which is witnessing increased demand across industrial and telecommunications applications in India.
Author: PPD Team Date: March 6, 2025 ONGC Green Limited (OGL), a wholly owned subsidiary of Oil and Natural Gas Corporation (ONGC) Limited, has acquired a 100% equity stake in PTC Energy Limited (PEL) for Rs 9.25 billion, making it a wholly owned subsidiary of OGL. PEL operates in the renewable energy sector with an operational wind generation capacity of 288.80 MW across seven locations in Andhra Pradesh, Madhya Pradesh, and Karnataka. It runs 157…
Author: PPD Team Date: February 5, 2025 Stavian Group is investing USD 22 million in a Battery Energy Storage System (BESS) project at the Stavian Complex in Hung Yen province, Vietnam. Developed through a joint venture with Juhang Energy Technology (Singapore), the project will cover over 5 hectares and focus on manufacturing energy storage systems, EV charging equipment, and electric cables. The BESS will support grid regulation for renewable projects and industrial microgrids, helping businesses…
Author: PPD Team Date: December 15, 2025 The Central Transmission Utility of India Limited (CTUIL) has released a draft “Detailed Procedure for Grant of Connectivity and General Network Access” for public consultation. The document gives effect to the Central Electricity Regulatory Commission (CERC) Connectivity and General Network Access to the Inter-State Transmission System Regulations, 2022. It will replace the procedure issued in October 2022. CTUIL has invited comments until 27 December 2025. The draft runs…
Author: PPD Team Date: October 21, 2024 Gevo has obtained a conditional $1.46 billion loan guarantee from the US Department of Energy’s (DOE) Loan Programs Office for its Net-Zero 1 (NZ1) project in Lake Preston, South Dakota. Including capitalised interest, the loan facility provides a borrowing capacity of $1.63 billion. The NZ1 plant will use 100% US-sourced feedstocks to produce approximately 60 million gallons of sustainable aviation fuel (SAF), 1.3 billion pounds of protein and…
Author: PPD Team Date: November 7, 2024 The Ministry of New and Renewable Energy (MNRE) has issued a call for proposals to establish Centers of Excellence (CoEs) under the National Green Hydrogen Mission’s (NGHM) Research and Development (R&D) programme, with a deadline of December 19, 2024. Selected entities will receive financial support covering up to 50 per cent of project costs, aimed at advancing green hydrogen production, storage, and utilisation. The CoEs will facilitate research,…
Author: PPD Team Date: January 8, 2025 PFC Consulting Limited (PFCCL) incorporated Anantapur II REZ Transmission Limited, a special purpose vehicle (SPV) for developing the Transmission System for integration of Anantapur-II REZ (Phase-I: 4.5 GW), on January 7, 2025. PFCCL has also been appointed as the bid process coordinator (BPC) for the selection of a transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process.