MoneyWorks4Me

South West Pinnacle Exploration bags LoA worth Rs 84 crore

20 Mar 2023 Evaluate

South West Pinnacle Exploration (SWPE) has won a Letter of Award (LOA) from Reliance Industries (RIL), one of the most prestigious private sector company in India, for production hole drilling for Coal Bed Methane (CBM) in the State of Madhya Pradesh.

Aggregate value of LOA is around Rs 84 crore with a provision to extend it further thus having potential to get the order value enhanced significantly. SWPE has successfully completed two projects of RIL in the same domain; hence, this extension clause opens many opportunities for SWPE in getting requisite enhancements in captioned order value in future.

South West Pinnacle Exploration is an integrated Service Provider providing end-to-end Drilling & exploration of Natural resources.

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