South West Pinnacle Exploration Receives LOA from CMPDI Worth ₹5.89 Crore
South West Pinnacle Exploration Limited received a Letter of Award from CMPDI for coal exploration services in Jharkhand. The contract is valued at ₹5.89 Crore (including GST) and is to be completed within 180 days, contributing to revenue in the current financial year.
The value of the contract is ₹5.89 Crore, which is a positive development for the company's revenue and order book.
The company has received a new Letter of Award for a significant project, which is expected to strengthen its order book and generate revenue.
South West Pinnacle Exploration Limited (SWPE) has received a Letter of Award (LOA) from Central Mine Planning and Design Institute Ltd. (CMPDI), a subsidiary of Coal India Ltd. The award is for providing detailed exploration services for coal in Jharkhand.
The aggregate value of the contract, including GST, is ₹5.89 Crore. SWPE expects this new LOA to strengthen its order book and generate revenue within the current financial year, as the work is scheduled to be completed within 180 days.
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South West Pinnacle Exploration Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by South West Pinnacle Exploration Limited. Read the original for the full detail.