South West Pinnacle Exploration Limited (SWPE) has announced receiving two Letters of Intimation (LOIs) from Odisha Lift Irrigation Corporation Limited for the installation of deep bore wells as part of a Solar Pumping System project in Odisha. The total contract value, including GST, amounts to approximately ₹10.86 crore.
Key Details:
- Awarding Entity: Odisha Lift Irrigation Corporation Limited.
- Project Scope: Installation of deep bore wells for Solar Pumping Systems.
- Contract Value: ₹ 10.86 crore (inclusive of GST).
- Execution Timeline: Short duration project.
- Terms: Initial Security Deposit (ISD) of 2% of the total project value.
The project aligns with South West Pinnacle Exploration’s expertise in infrastructure development and marks a step towards promoting sustainable and renewable energy solutions in India.
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