South West Pinnacle Exploration Ltd receives LOA for order from Central Ground Water Board

South West Pinnacle Exploration Limited (SWPE) has got a Letter of Award of contract from M/s Central Ground Water Board (CGWB), Ministry of Jal Shakti , Department of Water Resources , River Development and Ganga Rejuvenation , Faridabad for Construction of Piezometers in soft rock/hard rock and supply, installation and commissioning of DWLRs and telemetry, data acquisition etc. etc. in the state of Gujrat and Maharashtra. The aggregate value of contract is ~ 54.81 Crore + GST as applicable. This project is to be completed in one year and nine months ( approx.) However , we expect to complete the project well before the stipulated time lines.

Shares of South West Pinnacle Exploration Limited was last trading in BSE at Rs. 103.25 as compared to the previous close of Rs. 108.10. The total number of shares traded during the day was 15450 in over 344 trades.

The stock hit an intraday high of Rs. 112.20 and intraday low of 102.70. The net turnover during the day was Rs. 1666216.00.

Source : Equity Bulls

Keywords

SouthWestPinnacleExploration INE980Y01015 LOA OrderWin CentralGroundWaterBoard