New Launch25 Nov 2025, 12:46 pm
South West Pinnacle Exploration Ltd Awarded 311.78 Crore Contract from NALCO for Bauxite Mines Exploration in Orisha
AI Summary
South West Pinnacle Exploration Limited (SWPE) has been awarded a Letter of Award (LOA) by National Aluminium Company Limited (NALCO) for detailed exploration of bauxite mines in the state of Orisha. The contract is valued at approximately 311.78 Crores (including GST) and is to be completed within 24 months. This is the first order from NALCO, a Government of India Enterprise, and SWPE is hopeful of completing the project in a shorter duration.
Key Highlights
- SWPE awarded 311.78 Crore contract from NALCO for bauxite mines exploration in Orisha
- Project to be completed within 24 months, but SWPE aims to finish earlier
- NALCO is a new client for SWPE
- Exploration activities to follow all statutory and legal requirements applicable to NALCO
- Contract includes survey, drilling using core drill machines, and submission of draft and final geological report