Award6 Jul 2026, 05:40 pm
South West Pinnacle Exploration Secures ₹5.89 Cr Exploration Contract
AI Summary
South West Pinnacle Exploration Limited (SWPE) has received a Letter of Award (LOA) from Central Mine Planning and Design Institute Ltd. (CMPDI), a subsidiary of Coal India Ltd. The contract is for detailed exploration services of coal in Jharkhand, with an aggregate value of approximately ₹5.89 Crores, including GST. This award is expected to strengthen SWPE's order book and contribute revenue within the current financial year, as the work is scheduled for completion within 180 days.
Key Highlights
- Received LOA from CMPDI for coal exploration services.
- Contract value stands at approximately ₹5.89 Crores including GST.
- Work to be completed within 180 days.
- Expected to strengthen order book and generate revenue in current FY.
Price Impact
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