South West Pinnacle Exploration Limited has informed the Exchange regarding 'receipt of Letter of Award from CMPDI'.
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South West Pinnacle Exploration has received a Letter of Award from CMPDI, a Mini Ratna public sector company and subsidiary of Coal India Ltd., for coal exploration work in Odisha. The contract, valued at approximately Rs. 9.36 crores (including GST), involves coring drilling, geophysical logging, and dual receiver/sonic logging at a coal block. The work is to be completed within 330 days, including 30 days for mobilisation. The order has been awarded by a domestic entity, and there is no promoter or related party interest in the awarding company.
This order adds to the company's coal exploration order book and reinforces its relationship with Coal India group entities. The contract value is modest, but repeat work from a PSU client signals steady demand for the company's core exploration services.