Mumbai, 27h February, 2023: South West Pinnacle Exploration Limited (SWPE), an Integrated Service Provider providing end-to-end Drilling & exploration of Natural resources announced that it has won a new contract from Vedanta Ltd.
The Company bagged a contract to undertake surface exploration drilling for mineral, for Vedanta Exploration in the state of Maharashtra, India. The contract, worth Rs. 16.24 cr, is planned to be completed by March 2024.
South West Pinnacle Exploration has had a long-standing association with the Vedanta Group wherein the Company continues to provide services regularly to Hindustan Zinc. This new contract further testifies SWPE’s position as the preferred service provider for industry giants.
Commenting on this occasion, Mr. Vikas Jain, Chairman & Managing Director said,
“We are very happy to announce that we have recently won a new contract from Vedanta Ltd. We shall be undertaking surface exploration drilling for mineral, particularly copper, for Vedanta Exploration in the state of Maharashtra.
This further solidifies our association with the Vedanta Group, for whom we have been providing services since a long time through Hindustan Zinc. This agreement is worth Rs. 16.24 cr, and leverages our robust exploration and drilling capabilities, which make us the partner of choice for such reputed companies across the country. We hope to continue to build our relationship with Vedanta in the future as well.
I would like to thank the entire team of SWPE for their dedication and hard work, as well as our stakeholders, whose support helps us push the Company forward.”
About South West Pinnacle Exploration Limited:
SWPE is an Integrated Service Provider, providing end-to-end drilling & exploration of natural resources (Coal, Ferrous, Non-Ferrous & Atomic Minerals and Convention & Un- conventional Oil & Gas).
Company has recently won a coal block in the state of Jharkhand, having a geological reserve of over 84 million tons. It has signed a Coal Mine Development and Production Agreement with the Ministry of Coal, Government of India for the same. Further, Company is carrying out exploration, drilling & mining services in Oman through a joint venture, namely, Alara Resources LLC.
The Company has successfully completed more than 125 projects during 16 years’ journey since inception for all leading Government & Private Organizations.
SWPEL has completed approximately 2.2 million meters of drilling, 5 Lakh meters of Geophysical Logging, 491 sq.km. of 3 D Seismic surveys, 350 LKM of 2 D seismic Survey for exploration of Coal, Mineral, Oil and Gas. SWPE presently has various running projects under different verticals across India, Bangladesh and Middle East.
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