Deals13 Oct 2025, 09:49 am
South West Pinnacle Exploration Ltd Awarded Coal Exploration Contracts Worth Approx. 216.93 Crores
AI Summary
South West Pinnacle Exploration Limited (SWPE) has been awarded two Letters of Award (LOA) / work orders for Coal Exploration and related services. The first one, from JSW Energy (Utkal) Limited, is for imparting Coal Exploration and related services including survey and geophysical logging in the state of Odisha with a total contract value of 215.26 Crore. The second one is from M/s Central Mine Planning and Design Institute Ltd. (CMPDI) for providing Coal Exploration related services in the state of MP & Chhattisgarh with a total contract value of 1.67 Crore. The entire revenue from the first project is expected to be realised during the current financial year FY 2026.
Key Highlights
- SWPE has been awarded two LOA/work orders for Coal Exploration and related services.
- The first project from JSW Energy (Utkal) Limited is worth 215.26 Crore and is expected to be completed within 3.5 months.
- The second project from M/s Central Mine Planning and Design Institute Ltd. (CMPDI) is worth 1.67 Crore and is to be completed within 24 months.
- The first project's revenue is expected to be realised during the current financial year FY 2026.
- The first project includes diamond core drilling, Drill Core logging packaging and transportation, and photography and data management.