South West Pinnacle Secures ₹9.36 Crore Coal Exploration Contract from CMPDI; 330-Day Execution Timeline
By Shishta Dutta | Updated at: Oct 16, 2025 04:07 PM IST
Gurgaon, July 2, 2025: South West Pinnacle Exploration Ltd (NSE: SOUTHWEST, BSE: 543986) has announced that it has received a Letter of Award (LoA) from the Central Mine Planning and Design Institute Ltd. (CMPDI), a Mini Ratna public sector enterprise and subsidiary of Coal India Ltd. The contract, valued at approximately ₹9.36 crore including GST, is for comprehensive coal exploration services in Odisha.
This contract award is disclosed in compliance with SEBI Circular No. CIR/CFD/CMD/4/2015, dated September 09, 2015, which mandates detailed disclosure of material events by listed entities.
Contract Details
The project’s scope is extensive and includes:
- Coring Drilling: Extracting cylindrical core samples of the ground for geological analysis.
- Geophysical and Dual Receiver Logging: Utilising advanced techniques to gather subsurface data.
- Sonic Logging: Measuring the transit time of sound waves through the formation to determine rock properties.
The contract has a strict execution timeline of 330 days, which includes a 30-day mobilisation period for South West Pinnacle to deploy its resources and personnel.
Key Contract Terms:
| Parameter | Details |
|---|---|
| Client | Central Mine Planning and Design Institute Ltd. (CMPDI) |
| Contract Value (incl. GST) | ₹9.36 Crore |
| Duration | 330 days (incl. 30 days mobilisation) |
| Scope | Coring drilling, geophysical surveys, dual receiver and sonic logging |
| Statutory Clearances | To be arranged by CMPDI |
| Nature of Client | Domestic, Public Sector Undertaking (Coal India Ltd. Subsidiary) |
| Related Party Involvement | None |
CMPDI will play a supervisory role, providing the exploration scheme, determining borehole locations, and overseeing the execution with periodic verification and approvals.
Share Price Performance
As of 3:06 p.m., the shares of South West Pinnacle were trading at ₹146.68, down by 0.43% or ₹0.63. It remains to be seen at what price the shares close at the end of today’s market session.
What’s in the Future?
The ₹9.36 crore coal exploration contract win marks another step forward in South West Pinnacle’s strategy to deepen its presence in the mining services sector. With a clear execution timeline and strong backing from a government PSU like CMPDI, this order enhances revenue visibility for FY26. It also positions the company favourably to bid for similar high-value government contracts going forward.
As exploration activity in India scales up with increased demand for domestic coal, South West Pinnacle is likely to benefit from its niche expertise. Investors will be watching for further project wins, execution efficiency, and margin impact from this deal in the coming quarters.
About South West Pinnacle Exploration Ltd
Listed on NSE and BSE, South West Pinnacle Exploration Ltd is an ISO 9001:2015 certified company engaged in providing end-to-end exploration and drilling services across coal, minerals, and other natural resource sectors. The company has built a strong reputation in geological and geophysical services in India and continues to expand its public and private sector project base.
REF: https://nsearchives.nseindia.com/corporate/SOUTHWEST_02072025130202_Announcement.pdf
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