South West Pinnacle Exploration Ltd awarded LOA by NALCO

South West Pinnacle Exploration Limited (SWPE) has been awarded a Letter of Award (LOA) for appointment as consultant for detailed exploration of bauxite mines, in the state of Odisha from National Aluminium Company Limited (NALCO, A Government of India Enterprise). The aggregate value of work order is approx. ₹11.78 Crores (including GST).

As per LOA project is to be completed within 24 months, however, we are hopeful of completing it in shorter duration than envisaged.

It is to be noted here that NALCO is new addition to our client list from whom we have received the very first order.

Shares of South West Pinnacle Exploration Limited was last trading in BSE at Rs. 185.10 as compared to the previous close of Rs. 193.15. The total number of shares traded during the day was 16310 in over 353 trades.

The stock hit an intraday high of Rs. 196.35 and intraday low of 184.35. The net turnover during the day was Rs. 3081096.00.

Source : Equity Bulls

Keywords

SouthWestPinnacleExploration INE980Y01015 LOA NALCO BauxiteMines