South West Pinnacle Exploration Limited has informed the Exchange regarding 'Updates on receipt of Letters of Award/Work Order'.
SOUTHWEST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
South West Pinnacle Exploration has received three Letters of Award/Work Orders totaling ₹22.68 crores (including GST). Two awards from Odisha Lift Irrigation Corporation Ltd (a state PSU) are for installing deep borewells for solar pumping systems in Odisha, worth ₹9.68 crores. A third work order from Hindmetal Exploration Services Pvt Ltd (100% subsidiary of Hindustan Zinc Limited) is for exploration and drilling services in Rajasthan, valued at ₹13 crores. All three contracts are expected to be executed within the current financial year.
The ₹22.68 crore order book represents meaningful revenue visibility for the small-cap exploration company, with both government-linked and corporate contracts providing execution certainty through state PSU and a Vedanta Group subsidiary.