Deals2 Feb 2026, 12:09 pm
South West Pinnacle Exploration Secures INR 30.45 Crore LOAs from CMPDI for Coal Exploration in MP and Maharashtra
AI Summary
South West Pinnacle Exploration Limited (SWPE) has been awarded two Letters of Award (LOAs) from Central Mine Planning and Design Institute Ltd. (CMPDI), a Mini Ratna Public sector company and subsidiary of Coal India Ltd. The LOAs are for detailed exploration of coal in the states of Madhya Pradesh and Maharashtra, with an aggregate value of approximately INR 30.45 Crores including GST. The Madhya Pradesh project is long term, while the Maharashtra project is short term. These LOAs will strengthen the order book and contribute to the top and bottom line.
Key Highlights
- SWPE secures INR 30.45 Crore LOAs from CMPDI for coal exploration in MP and Maharashtra
- The Madhya Pradesh project is a long term one, while the Maharashtra project is short term
- The LOAs will strengthen the order book and contribute to the top and bottom line
- CMPDI will provide exploration scheme, suggest and approve borehole locations, and check/verify completed and ongoing works
- All statutory clearances in forest area to be arranged by CMPDI