South West Pinnacle Exploration has received Letter of Intent (LoI) from JSW Steel for exploratory drilling work & related services in Jajang, Nuagaon, Narayanposhi and Ganua Iron Ore Mines at Barbil, Odisha. The aggregate value of contract including GST is Rs 10.34 crore. The company has planned to commence the operations during current FY2021-22 itself and expect to complete the same during FY 2022-23.
South West Pinnacle Exploration has recently diversified into aquifer mapping for Hydro-geological organisations in India for determining the quantity and quality of groundwater in a particular area, viz., water level, productivity and concentration of various chemicals in groundwater.