South West Pinnacle Exploration Limited announced that it has received two significant Letters of Award (LOA) for coal exploration and related services, with a combined contract value of Rs 16.93 crore (including GST).
The first contract, valued at Rs 15.26 crore, has been awarded by JSW Energy (Utkal) Limited for conducting coal exploration, survey, and geophysical logging services in Odisha. The project is of short duration, with execution expected within 3.5 months, and the company anticipates realizing the entire revenue within the current financial year (FY26).
The second order, worth Rs 1.67 crore, comes from the Central Mine Planning and Design Institute Ltd. (CMPDI) — a Mini Ratna PSU and a 100% subsidiary of Coal India Ltd. — for providing coal exploration services in Madhya Pradesh and Chhattisgarh. This project has an execution timeline of 24 months, including geophysical and sonic logging services at multiple exploration camps.
Both contracts are expected to strengthen South West Pinnacle’s topline performance and reinforce its growing presence in India’s exploration and mining services sector.
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