Rs 400+ Crore Order Book: Coal Mining Company Bags New Order of Rs 30.45 Crore from Subsidiary of Coal India Ltd

South West Pinnacle Exploration Limited (SWPE) has secured two domestic contracts totalling approximately Rs 30.45 crore (including GST) from M/s Central Mine Planning and Design Institute Ltd. (CMPDI), a subsidiary of Coal India Ltd., for detailed coal exploration in Madhya Pradesh and Maharashtra. The projects carry distinct timelines, with the Madhya Pradesh engagement spanning 910 days and the Maharashtra work slated for 210 days, both inclusive of a 30-day mobilisation period. Under the terms of the agreement, CMPDI is responsible for arranging all statutory forest clearances and maintaining technical oversight, including the approval of borehole locations and verification of ongoing works. These awards are expected to bolster SWPE’s Order Book and contribute positively to the company's financial performance over the execution period.

As an integrated service provider, South West Pinnacle Exploration Limited (SWPE) delivers end-to-end drilling and exploration services across coal, minerals, oil and gas, and groundwater, utilising advanced tools such as 3D seismic surveys and passive seismic tomography. With a 19-year track record and over 160 completed projects, the company currently operates 19 pan-India projects and has expanded its footprint internationally through two joint ventures in Oman focused on copper and gold. Furthermore, SWPE is fast-tracking the development of its own coal block in Jharkhand, which holds over 84 million tons of geological reserves, supported by a fleet of 40 state-of-the-art drilling rigs capable of reaching depths of 2500 meters.

As of November 2025, it has an order book of Rs 400+ crore. The company has a market cap of over Rs 500 crore. From Rs 95.60 (52-week low) to Rs 207.50 per share, the stock has given Multibagger returns of 117 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.