South West Pinnacle Exploration has informed that the company (SWPE) has received an extension of contract from Reliance Industries (RIL) for imparting services of CBM Production by deploying new set of Rig and other equipment with additional manpower and other resources in the state of Madhya Pradesh, thus doubling the present operations there. The contract has provision of possible three further extensions of six months each on similar terms. CBM production is a non-conventional Oil and Gas source of energy and very few companies in India are imparting such services. The aggregate value of extended contract including GST is ~INR 158 Crore. The awarded work is expected to start fetching additional revenue from second quarter of FY 2025-26 after completion of mobilisation of resources in next 7 months from the date of extension of contract. Details required in accordance to SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 09, 2015 are attached as Annexure-I.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| KP Green Engineering | 411.00 |
| MTAR Technologies | 4844.15 |
| Guj. Toolroom | 0.69 |
| Innovators FacadeSys | 141.00 |
| South West Pinnacle | 256.35 |
| View more.. | |
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