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.
On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 3.2 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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South West Pinnacle Exploration Ltd has received three Letters of Award/Work Order totaling ₹22.68 crores (including GST) for exploration, drilling and support services. Two LOAs from Odisha Lift Irrigation Corporation Ltd (a State PSU under Government of Odisha) are for installing deep borewells for Solar Pumping systems in Odisha, worth approximately ₹9.68 crores. A third Work Order from Hindmetal Exploration Services Pvt Ltd (100% subsidiary of Hindustan Zinc Ltd) is for exploration and drilling services in Rajasthan, worth approximately ₹13 crores. All three contracts are expected to be completed within the current financial year.
The company has secured ₹22.68 crores in new orders, which represents a positive near-term revenue opportunity. However, revenue data is not provided to assess whether this exceeds 5% of annual revenue.