South West Pinnacle Exploration Limited (SWPE) has announced the receipt of two Letters of Award/Work Orders valued at over ₹15.17 Crores (including GST) for exploration, drilling, and related support services. Additionally, its wholly-owned subsidiary, M/s South West Resources Private Limited, has secured a work order worth ₹6.36 Crores (including GST). The first award is from Central Mine Planning & Design Institute Limited (CMPDI), a subsidiary of Coal India Limited, for detailed exploration (G-1) in a coal block in Chhattisgarh. This work order is valued at approximately ₹14.04 Crores (including GST) and is to be executed within 560 days. Geomysore Services (India) Pvt. Ltd (GSIPL) has awarded two work orders. One is for Reverse Circulation (RC) drilling in a gold mining project in Andhra Pradesh, valued at approximately ₹1.13 Crores (including GST). RC drilling in this domain is a new area for the company. The second work order from GSIPL is for Diamond core mineral drilling in a gold mining project in Andhra Pradesh, valued at ₹6.36 Crores (including GST) and is expected to be executed within approximately 210 days. This diamond core drilling project is significant as gold exploration is rare in India and aligns with the 'Atma Nirbhar Bharat' initiative. Most of the revenue from this project is expected within the current financial year due to its short duration.
