South West Pinnacle Exploration has secured three new contracts valued at over ₹22.68 crore, including GST, for exploration, drilling, and related services. The contracts were awarded by Odisha Lift Irrigation Corporation Ltd and Hindmetal Exploration Services Private Ltd.
The company received two Letters of Award from Odisha Lift Irrigation Corporation Ltd for the installation of deep borewells for a solar pumping system in Odisha. These contracts have a combined value of approximately ₹9.68 crore. Odisha Lift Irrigation Corporation Ltd is a state public sector undertaking under the Government of Odisha.
Additionally, South West Pinnacle received a work order from Hindmetal Exploration Services Private Ltd for exploration, drilling, and support services in Rajasthan. The value of this contract is approximately ₹13 crore. Hindmetal Exploration Services Private Ltd is a wholly-owned subsidiary of Hindustan Zinc Limited.
The execution of all three contracts is expected to be completed within the current financial year.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).