In a major move to diversify its business and align with India’s green energy goals, Pace Digitek, a technology and infrastructure company, has entered the renewable energy space by incorporating a new wholly owned subsidiary — YTRANS GREEN X ENERGY (also referred to as Transgreenx Energy).
TransgreenX Energy: A Renewable Energy Play
According to filings, the subsidiary was incorporated on 22 November 2025. YTRANS GREEN X ENERGY is headquartered in Bangalore, Karnataka and is a project development and asset-holding company focused on renewable energy and infrastructure.
The company’s operational strategy is to identify, acquire, develop, own, operate and manage energy and infrastructure projects. It will pursue opportunities through government and private sector initiatives using Build-Own-Operate (BOO) and Build-Own-Operate-Transfer (BOOT) models as well as Special Purpose Vehicles (SPVs) and joint ventures.
Synergy with Pace Digitek’s Overall Vision
This is part of Pace Digitek’s journey from a telecom and infrastructure solutions company to a clean energy player. The company known for its turnkey execution capabilities in telecom and digital infrastructure is leveraging its engineering and project management expertise to enter the Indian renewable energy space.
In industry parlance, YTRANS GREEN X ENERGY fits into a broader global trend towards sustainable power and carbon neutrality as India pushes for more renewable capacity to meet its 2070 net-zero targets.
Momentum from a Major Solar Project Win
Pace Digitek subsidiary launch follows close on the heels of another major development: Pace Digitek’s ₹929.75 crore EPC contract award from MAHAGENCO (Maharashtra State Power Generation Company) for a 200 MW AC solar power project.
The project – one of the biggest EPC mandates in Pace Digitek’s portfolio – was awarded after the formal acceptance of a Letter of Award (LoA) by the company’s Chairman & Managing Director, Mr. Venugopal Rao Maddisetty.
Maddisetty, commenting on the win, talked up the company’s commitment to doing its bit in pushing India’s renewable energy goals forward. He said:
“We’re not just looking at this 200 MW project as just another contract. We see it as our responsibility to make a real contribution to India’s green energy targets. By combining our deep experience in getting projects up and running with the latest renewable tech we’re committed to building the infrastructure that’ll power a cleaner, greener future for the whole nation.”
This win along with the subsidiary’s incorporation basically solidifies Pace Digitek’s plan to become a major player in the renewable energy game.
Market and Investor Outlook
For investors, setting up YTRANS GREEN X ENERGY has to be seen as a strategic move by Pace Digitek to really start to break into the renewable energy market. It could give them the chance to diversify their investments and get in on a growing sector that’s increasingly important to institutional investors.
The market took a bit of a cautious view though when Pace Digitek’s stock went up by a relatively modest 0.24%. But analysts think that successful execution of its renewable projects will really boost the company’s visibility and valuation.
A Wager On the Future of Energy
Pace Digitek’s latest moves – like getting YTRANS GREEN X ENERGY up and running and securing those big solar contracts – are clearly a major turning point for the company. It’s no longer just an infrastructure player, it’s now a serious player in the energy solutions space looking to the future.
With policy moving in favor of clean energy and with India making a big push for renewables, it’s easy to see this as the key chapter in the company’s growth.
For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.