Deals8 Nov 2024, 07:15 pm
South West Pinnacle Exploration Receives Work Orders Worth ~ 1002.61 Lacs from Samlok Industries
AI Summary
South West Pinnacle Exploration Limited (SWPE) has received two work orders from M/s Samlok Industries Private Ltd. (SIPL) for carrying out prospecting work of drilling and 2 D seismic survey and other allied activities in two Phases in a coal block situated in the state of Maharashtra. The aggregate value of both the orders including GST is ~ 1002.61 Lacs. The work is to be completed within a total period of six and half months, which will help in fetching additional revenue and profits during FY 2024-25.
Key Highlights
- SWPE received work orders from SIPL, a group company of My Home Group of Hyderabad, Telangana.
- The total value of the orders including GST is ~ 1002.61 Lacs.
- The work includes drilling, 2 D seismic survey and allied activities in a coal block situated in Maharashtra.
- The work is to be completed within six and half months.
- The orders are expected to contribute to additional revenue and profits during FY 2024-25.