South West Pinnacle Exploration Secures Coal Exploration Project with CMPDI
South West Pinnacle Exploration Limited has secured a Letter of Award (LOA) from the Central Mine Planning and Design Institute Ltd. (CMPDI) for undertaking detailed coal exploration services in Jharkhand state.The contract awarded by the Mini Ratna Public sector Company, which is a wholly owned subsidiary of Coal India Ltd., provides significant strengthening to South West Pinnacle’s order book.
According to the details of the engagement, the aggregate value of the work, including GST, amounts to approximately 5.89 Crores.
The project timeline for completing the detailed exploration services is set at 180 days. The revenue generated from this contract is expected to be realized within the current Financial Year.
SOUTHWEST Stock Price Movement
Shares of South West Pinnacle Exploration Limited settled today after shedding 2.46% in post-market trading, closing at ₹219.63. The stock traded within a day range of ₹216.21 to ₹227.02, with the reported volume reaching 138,601 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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