South West Pinnacle Exploration Ltd has secured new work orders and Letters of Award (LOA) totaling ₹21.53 crore for exploration, drilling, and related support services. The contracts, valued including GST, encompass detailed exploration in a coal block and drilling activities in gold mining projects located in Chhattisgarh and Andhra Pradesh. The company anticipates that the majority of the revenue from these short-duration projects will be recognized within the current financial year.

The largest contract, valued at approximately ₹14.04 crore, was awarded by Central Mine Planning & Design Institute Limited (CMPDI), a wholly owned subsidiary of Coal India Limited. This LOA entails detailed exploration (G-1) in a coal block in Chhattisgarh and must be executed within 560 days. CMPDI will provide the exploration scheme and approve borehole locations, while statutory clearances in forest areas will be arranged by CMPDI.

Additionally, the company received two work orders from Geomysore Services (India) Pvt. Ltd (GSIPL). The first order, valued at ₹1.13 crore, involves Reverse Circulation (RC) drilling in a gold mining project in Andhra Pradesh. This marks a new domain of exploration for the company, which is responsible for maintaining equipment in working condition. The second order, worth ₹6.36 crore, is for diamond core mineral drilling in a gold project in Andhra Pradesh. This specific order has been awarded to M/s South West Resources Private Limited, a wholly owned subsidiary of South West Pinnacle Exploration Ltd, and requires a core recovery rate of at least 95%.

Order Details

The diamond core drilling project holds particular significance as gold exploration is rare in India, and discoveries contribute to the national goal of reducing gold imports. The work order for this project is issued in the name of the subsidiary, South West Resources Private Limited, which is responsible for safety, health, and environmental compliances as well as water transport for drilling.

South West Pinnacle Exploration Limited has been empanelled by Oil India Limited to provide 2D/3D Seismic Data Acquisition Services across the latter's onshore acreages in India. This three-year empanelment, effective from June 04, 2026, enables the company to participate in bidding opportunities and tenders issued by Oil India Limited for seismic data acquisition services during the validity period.

The development underscores the company's technical expertise and operational capabilities in geophysical and seismic survey services. By securing this vendor status, South West Pinnacle Exploration Limited gains access to procurement opportunities from a major public sector oil exploration firm.

Empanelment Details

The key parameters of the empanelment are outlined below:

Seismic data acquisition is a critical component of upstream oil and gas exploration, used to map subsurface geological structures and identify potential hydrocarbon reserves. The company believes this empanelment will strengthen its position in the exploration services sector and enhance opportunities for participation in upcoming projects.