From Financialexpress · Madhvendra · · 3m
Rs 50,000 Cr BESS Push Targets 37 GWh Storage Capacity
India's ₹50,000 crore BESS scheme targets 37 GWh storage capacity through three key stocks.
In brief
India's ₹50,000 crore BESS scheme targets 37 GWh storage capacity through three key stocks. India's government approved ₹50,000 crore for 50 GWh battery storage systems, with Pace Digitek, Vikram Solar, and Premier Energies targeting 37 GWh combined capacity by FY33. Originally reported by Financialexpress.
India's BESS Opportunity Expands
The government approved ₹50,000 crore for deploying 50 gigawatt-hours of Battery Energy Storage Systems under the Green Energy Corridor Phase-III scheme.
BESS Critical for Renewable Grid Stability
BESS manages solar and wind intermittency, meets peak-hour demand, and supplies power during non-solar hours as renewable capacity expands.
Pace Digitek Targets 10 GWh BESS Capacity
Pace Digitek operates a 5 GWh manufacturing capacity with plans to add another 5 GWh by Q3 FY27, reaching 10 GWh total.
Pace Digitek's Container Manufacturing Strategy
Pace Digitek is investing ₹300 crore to build a container manufacturing facility that will produce 2,000 BESS containers annually.
Pace Digitek's Financial Performance
Pace Digitek reported Q1FY27 revenue of ₹555 crore with 79.5% from energy business and 15.5% EBITDA margin.
Vikram Solar Builds 15 GWh BESS Ecosystem
Vikram Solar aims to build a 15 GWh integrated cell manufacturing and assembly ecosystem by FY30 for BESS solutions.
Vikram Solar's Manufacturing Timeline
Vikram Solar plans to commission a 7.5 GWh BESS assembly plant in March 2.027 and an LFP cell facility by Q4FY29.
Vikram Solar's Financial Challenges
Vikram Solar reported Q1FY27 revenue of ₹1,563 crore with 8.1% EBITDA margin after raw material inflation and policy uncertainty.
Premier Energies Targets 12 GWh BESS Capacity
Premier Energies is building 12 GWh BESS plants with 7 GW TOPCon solar cell facility expected to begin operations in September 2026.
Premier Energies' Financial Strength
Premier Energies reported Q1FY27 revenue of ₹2,463 crore with 29% operating margins and ₹471.9 crore net profit.
Three Companies Target 37 GWh BESS Capacity
Pace Digitek, Vikram Solar, and Premier Energies collectively target 37 GWh BESS capacity with ₹25,803 crore combined order books.
BESS Capacity and Order Book Comparison
Pace Digitek has 10 GWh capacity and ₹10,803 crore order book, Vikram Solar 15 GWh and 7.9 GW order book, Premier Energies 12 GWh and ₹15,000 crore order book.
Strong ROCE Drives Valuation
Premier Energies has higher return on capital employed and return on equity than Pace Digitek and Vikram Solar.
BESS Opportunity Requires Execution
The government's ₹50,000 crore BESS scheme creates opportunity but requires effective conversion of planned capacity into commercial orders.
In short
India's government approved ₹50,000 crore for 50 GWh battery storage systems, with Pace Digitek, Vikram Solar, and Premier Energies targeting 37 GWh combined capacity by FY33.
