Deals2 Jul 2025, 01:08 pm
South West Pinnacle Exploration Ltd Secures Coal Exploration Contract Worth ~ 9.36 Crores from CMPDI
AI Summary
South West Pinnacle Exploration Limited (SWPE) has been awarded a Letter of Award from M/s Central Mine Planning and Design Institute Ltd. (CMPDI) for Coal Exploration in the state of Odisha. The contract, valued at approximately 9.36 Crores, includes GST and is to be completed within a period of 330 days. CMPDI will provide the exploration scheme, suggest and approve the borehole locations, and select/approve boreholes for special tests. The contract is a domestic one, and the promoter/promoter group/group companies do not have any interest in CMPDI.
Key Highlights
- South West Pinnacle Exploration Limited has been awarded a Letter of Award from M/s Central Mine Planning and Design Institute Ltd. for Coal Exploration in Odisha.
- The contract is worth approximately 9.36 Crores, including GST.
- The contract period is 330 days, with 30 days of mobilisation.
- CMPDI will provide the exploration scheme, suggest and approve the borehole locations, and select/approve boreholes for special tests.
- The contract is a domestic one, and the promoter/promoter group/group companies do not have any interest in CMPDI.