South West Pinnacle Exploration Secures ₹30.45 Crore Coal Exploration Contracts
South West Pinnacle Exploration received two Letters of Award from CMPDI for coal exploration in Madhya Pradesh and Maharashtra. The aggregate value, including GST, is ₹30.45 Crores. Projects have execution periods of 910 and 210 days respectively.
The value of the contracts is significant for the company and is expected to contribute to its revenue growth, thus having a medium impact.
The company has secured new orders, which are expected to strengthen its order book and improve financial performance.
South West Pinnacle Exploration Limited (SWPE) has announced the receipt of two Letters of Award (LOA) from M/s Central Mine Planning and Design Institute Ltd. (CMPDI), a subsidiary of Coal India Ltd.
The contracts are for the Detailed Exploration of Coal in Madhya Pradesh and Maharashtra. The aggregate value of both LOAs, including GST, is approximately ₹30.45 Crores. The project in Madhya Pradesh is a long-term endeavor, while the project in Maharashtra is short-term.
SWPE expects these awards to significantly strengthen its order book and contribute positively to its top and bottom lines. CMPDI, the awarding entity, is a Mini Ratna Public Sector Company. Key terms include CMPDI arranging all statutory clearances in forest areas and providing the exploration scheme, approving borehole locations, and verifying completed works. The execution periods are 910 days for the Madhya Pradesh project and 210 days for the Maharashtra project, each including a 30-day mobilization period. Neither the promoter nor group companies have an interest in CMPDI, and the contracts are not considered related party transactions.
What to do with a filing like this
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.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
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.