South West Pinnacle Exploration Secures ₹6.64 Crore Award from CMPDI for Coal Exploration
South West Pinnacle Exploration Limited received a Letter of Award from CMPDI for coal exploration in Jharkhand. The contract value is ₹6.64 Crores (including GST) and is to be completed within 180 days.
The value of the contract is material for the company and represents new business, contributing to revenue growth.
The company has received a new award for a significant project, which is a positive development.
South West Pinnacle Exploration Limited (SWPE) has received a Letter of Award from Central Mine Planning and Design Institute Ltd. (CMPDI), a subsidiary of Coal India Ltd. The award is for the detailed exploration of coal in Jharkhand.
The aggregate value of the work, including Goods and Services Tax (GST), is ₹6.64 Crores. The contract is scheduled to be completed within a period of 180 days from the award date.
This update is provided for the information and records of the stock exchanges.
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