SWPE bags over 21 Cr orders from Coal India arm and Geomysore for coal and gold work
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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.5 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SWPE has secured three work orders totaling about ₹21.53 Crores including GST. CMPDI, a Coal India subsidiary, awarded a ₹14.04 Crore order for detailed coal exploration in Chhattisgarh over 560 days. Geomysore Services awarded ₹1.13 Crore for Reverse Circulation drilling and ₹6.36 Crore (via subsidiary SWRPL) for diamond core drilling in gold projects in Andhra Pradesh. Revenue expected mostly in current financial year.
Boosts order book with about 21.5 Cr in new business across coal and gold exploration, diversifying clients and adding gold mining segment.