South West Pinnacle Wins Exploration And Drilling Work Orders
ECONOMY & POLICY

South West Pinnacle Wins Exploration And Drilling Work Orders

South West Pinnacle Exploration (SWPE) said it has won multiple exploration and drilling contracts worth Rs 215.3 mn including GST. The awards comprise a detailed exploration contract from Central Mine Planning and Design Institute Limited (CMPDI), two drilling work orders from Geomysore Services (India) Private Limited (GSIPL) and one work order awarded to its wholly owned subsidiary South West Resources Private Limited (SWRPL). The contracts span coal and gold projects in Chhattisgarh and Andhra Pradesh and cover both reverse circulation and diamond core drilling.

CMPDI, which is a wholly owned subsidiary of Coal India Limited, awarded SWPE a detailed exploration G-1 assignment in a coal block in Chhattisgarh valued at Rs 140.4 mn including GST. The contract requires CMPDI to arrange statutory forest clearances, provide the exploration scheme, select borehole locations and carry out checks and verification of completed work. The time period for execution is 560 days.

GSIPL awarded SWPE a reverse circulation drilling work order for a gold mining project in Andhra Pradesh valued at Rs 11.3 mn including GST. The scope specifies borewell depths between 10 and 50 metres and requires SWPE to maintain equipment in working condition. GSIPL is a new client for SWPE, and the company added the order to its book.

GSIPL also awarded a diamond core mineral drilling contract to SWRPL for a gold project in Andhra Pradesh valued at Rs 63.6 mn including GST, with an approximate execution period of 210 days. The contract sets a maximum hole depth of 1000 metres, requires core recovery of at least 95 per cent and places safety, health and community relations responsibilities with SWRPL, which must also transport water for drilling at its cost. The company expects most revenue from these short-duration projects to be realised within the current financial year and said the work carries strategic significance for domestic gold exploration and the government's objective of reducing imports.

South West Pinnacle Exploration (SWPE) said it has won multiple exploration and drilling contracts worth Rs 215.3 mn including GST. The awards comprise a detailed exploration contract from Central Mine Planning and Design Institute Limited (CMPDI), two drilling work orders from Geomysore Services (India) Private Limited (GSIPL) and one work order awarded to its wholly owned subsidiary South West Resources Private Limited (SWRPL). The contracts span coal and gold projects in Chhattisgarh and Andhra Pradesh and cover both reverse circulation and diamond core drilling. CMPDI, which is a wholly owned subsidiary of Coal India Limited, awarded SWPE a detailed exploration G-1 assignment in a coal block in Chhattisgarh valued at Rs 140.4 mn including GST. The contract requires CMPDI to arrange statutory forest clearances, provide the exploration scheme, select borehole locations and carry out checks and verification of completed work. The time period for execution is 560 days. GSIPL awarded SWPE a reverse circulation drilling work order for a gold mining project in Andhra Pradesh valued at Rs 11.3 mn including GST. The scope specifies borewell depths between 10 and 50 metres and requires SWPE to maintain equipment in working condition. GSIPL is a new client for SWPE, and the company added the order to its book. GSIPL also awarded a diamond core mineral drilling contract to SWRPL for a gold project in Andhra Pradesh valued at Rs 63.6 mn including GST, with an approximate execution period of 210 days. The contract sets a maximum hole depth of 1000 metres, requires core recovery of at least 95 per cent and places safety, health and community relations responsibilities with SWRPL, which must also transport water for drilling at its cost. The company expects most revenue from these short-duration projects to be realised within the current financial year and said the work carries strategic significance for domestic gold exploration and the government's objective of reducing imports.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code