South West Pinnacle Exploration Ltd receives order from CMPDI

South West Pinnacle Exploration Limited (SWPE) has recently got a Letter of Award (LOA) from M/s Central Mine Planning and Design Institute Ltd. (CMPDI), a Mini Ratna Public sector Company and a wholly owned subsidiary of Coal India Ltd for imparting detailed exploration services of Coal in the state of Jharkhand.

The aggregate value of work including GST is ~ Rs. 5.89 Crores. The New LOA will help in strengthening our order book and will fetch the revenue in current FY itself as the work is to be completed within a period of 180 days.

Shares of South West Pinnacle Exploration Limited was last trading in BSE at Rs. 218.55 as compared to the previous close of Rs. 226.30. The total number of shares traded during the day was 22775 in over 422 trades.

The stock hit an intraday high of Rs. 229.25 and intraday low of 215.35. The net turnover during the day was Rs. 5004842.00.

Source : Equity Bulls

Keywords

SouthWestPinnacleExploration INE980Y01015 SWPE OrderWin CMPDI