South West Pinnacle Exploration Wins ₹20.53 Cr in New Work Orders
South West Pinnacle Exploration Ltd (SWPE) has secured two Letters of Award/Work Orders totaling over ₹15.17 Crores, including GST. Additionally, its wholly-owned subsidiary, M/s South West Resources Private Limited, received a work order valued at ₹6.36 Crores (including GST). The awards encompass detailed exploration in a Chhattisgarh coal block from CMPDI (a Coal India subsidiary) for ₹14.04 Crores, and two orders from Geomysore Services (India) Pvt. Ltd. for Reverse Circulation drilling (₹1.13 Crores) and Diamond Core drilling (₹6.36 Crores) in Andhra Pradesh gold mining projects. The gold exploration project is particularly significant, aligning with national goals and expected to generate revenue within the current financial year.
Key Highlights
- Secured new work orders totaling ₹20.53 Crores (including GST).
- Orders include coal exploration and gold mining services.
- Subsidiary M/s South West Resources Private Limited secured a ₹6.36 Cr order.
- Gold exploration project aligns with 'Atma Nirbhar Bharat' initiative.
- Significant portion of revenue expected within the current financial year.
Price Impact
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