South West Pinnacle Exploration Limited has received a Letter of Award from Central Mine Planning and Design Institute Limited. The award was disclosed in a filing to the National Stock Exchange and Bombay Stock Exchange dated 11 August 2026. Central Mine Planning and Design Institute Limited is a Mini Ratna public sector company and a wholly owned subsidiary of Coal India Limited. South West Pinnacle Exploration Limited will be referred to as SWPE and Central Mine Planning and Design Institute Limited as CMPDI subsequently for clarity in filings and communication.

The contract covers detailed exploration of coal in the state of Jharkhand. The company described the work as geological and field exploration to support mine planning and design, covering activities such as geological mapping, sampling and laboratory analysis to inform reserve estimation and mine design. The timeline for completion is 180 days from the date of award. The filing identified the work as a discrete assignment awarded by CMPDI to SWPE.

The aggregate contract value including GST is about Rs 66.4 mn. The filing did not disclose detailed payment or billing arrangements but noted the sum as the aggregate value for the assignment under contract terms. The award sets a defined scope and schedule for delivery under the contract terms. SWPE will be responsible for executing the exploration programme as specified in the Letter of Award.

The filing was signed by the company secretary and compliance officer on behalf of SWPE and stated that the announcement was for information and record. The company did not elaborate on contractual milestones in the regulatory notice. SWPE will proceed with mobilisation and statutory compliance required to fulfil the assignment, including obtaining necessary permissions and adhering to applicable safety and environmental protocols. Further updates will be communicated through regulatory filings as necessary.