South West Pinnacle Exploration Ltd receives LOA for work orders worth Rs. 16.93 crores

South West Pinnacle Exploration Limited (SWPE) has recently been awarded two significant Letters of Award (LOA) / work orders for Coal Exploration and services related thereto. The aggregate value of work orders is approx. ₹16.93 Crores (including GST).

The First one is from M/s JSW Energy (Utkal) Limited for imparting Coal Exploration and related services including survey and geophysical logging in the state of Odisha with a total contract value of ₹15.26 Crore.

It is a short duration project and the entire revenue is expected to be realised during the current financial year FY 2026 itself, and will help in enhancing further the top line of the company.

The second one is from M/s Central Mine Planning and Design Institute Ltd. (CMPDI), a Mini Ratna Public Sector Undertaking and 100% subsidiary of Coal India Ltd., for providing Coal Exploration related services in the state of MP & Chhattisgarh with a total contract value of ₹ 1.67 Crore.

Shares of South West Pinnacle Exploration Limited was last trading in BSE at Rs. 128.30 as compared to the previous close of Rs. 130.30. The total number of shares traded during the day was 2436 in over 65 trades.

The stock hit an intraday high of Rs. 131.80 and intraday low of 126.15. The net turnover during the day was Rs. 314794.00.

Source : Equity Bulls

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