Pace Digitek Limited has announced the receipt of a significant contract valued at ₹226.42 million, inclusive of GST, from North Western Railway. This development marks a strategic win for the company as it continues to expand its footprint in the infrastructure sector.
The contract involves the provision of Lattice Towers in connection with UHF/LTE and KAVACH work over the remaining routes of the Jodhpur division of North Western Railway, covering a distance of 996.24 kilometres. The project is expected to be executed within 18 months from the date of the Letter of Acceptance.
Pace Digitek Limited, formerly known as Pace Digitek Private Limited and Pace Digitek Infra Private Limited, has been focusing on enhancing its service offerings in the railway infrastructure domain. The contract awarded by a domestic entity further strengthens its portfolio and aligns with its strategic goals.
The company confirmed that there is no interest from the promoter or promoter group in the entity awarding the contract, and the transaction does not fall under related party transactions. This ensures that the contract is negotiated at arm’s length, maintaining transparency and compliance with regulatory norms.
This contract win is a testament to Pace Digitek’s capabilities and its commitment to delivering quality infrastructure solutions. The company continues to leverage its expertise to secure strategic projects that contribute to its growth trajectory.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.