Stock Report

South West Pinnacle Exploration Ltd receives 3 LoA for orders

Posted On : 2026-05-13 10:44:28( TIMEZONE : IST )

South West Pinnacle Exploration Limited (SWPE) has been recently awarded three Letters of Award/Work Order for imparting exploration, drilling and related support services valuing over Rs. 22.68 Crores (including GST) as summarised below:

A) Letter of Award (LOA) received from Odisha Lift Irrigation Corporation Ltd

- Two Letters of Award from Odisha Lift Irrigation Corporation Ltd for installation of successful deep borewells for Solar Pumping system in the state of Odisha.

- The aggregate value of both work orders is approx. Rs. 9.68 Crores (including GST).

- Odisha Lift Irrigation Corporation Ltd is a State Public Sector Undertaking (PSU) under the Government of Odisha.

B) Work Order from Hindmetal Exploration Services Private Ltd

- Work Order from Hindmetal Exploration Services Private Ltd for imparting exploration, drilling and support services in the state of Rajasthan.

- The aggregate value of contract is approx. Rs. 13 Crores (including GST).

- Hindmetal Exploration Services Private Ltd is a 100% subsidiary of M/s Hindustan Zinc Limited.

The execution of all three LOA/work order is expected to be completed during the current financial year only.

Shares of South West Pinnacle Exploration Limited was last trading in BSE at Rs. 221.30 as compared to the previous close of Rs. 221.15. The total number of shares traded during the day was 7093 in over 267 trades.

The stock hit an intraday high of Rs. 225.80 and intraday low of 218.20. The net turnover during the day was Rs. 1580099.00.