South West Pinnacle Exploration Ltd wins Exploration Contract from Vedanta Ltd

South West Pinnacle Exploration Limited (SWPE), an Integrated Service Provider providing end-to-end Drilling & exploration of Natural resources announced that it has won a new contract from Vedanta Ltd.

The Company bagged a contract to undertake surface exploration drilling for mineral, for Vedanta Exploration in the state of Maharashtra, India. The contract, worth Rs. 16.24 cr, is planned to be completed by March 2024.

South West Pinnacle Exploration has had a long-standing association with the Vedanta Group wherein the Company continues to provide services regularly to Hindustan Zinc. This new contract further testifies SWPE's position as the preferred service provider for industry giants.

Commenting on this occasion, Mr. Vikas Jain, Chairman & Managing Director said, "We are very happy to announce that we have recently won a new contract from Vedanta Ltd. We shall be undertaking surface exploration drilling for mineral, particularly copper, for Vedanta Exploration in the state of Maharashtra.

This further solidifies our association with the Vedanta Group, for whom we have been providing services since a long time through Hindustan Zinc. This agreement is worth Rs. 16.24 cr, and leverages our robust exploration and drilling capabilities, which make us the partner of choice for such reputed companies across the country. We hope to continue to build our relationship with Vedanta in the future as well.

I would like to thank the entire team of SWPE for their dedication and hard work, as well as our stakeholders, whose support helps us push the Company forward."

Source : Equity Bulls

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