Mumbai, 2nd March 2023: South West Pinnacle Exploration Limited (SWPEL), an Integrated Service Provider providing end-to-end Drilling & exploration of Natural resources announced that it has won a new contract from Odisha Mining Corporation (OMC), a Gold category state PSU.
The Company bagged a contract from OMC for diamond core drilling work at chromite ore leases in the state of Odisha. The contract, worth Rs. 13.57 cr, is expected to be completed by FY 2024 – 25.
This new contract further expands SWPE’s geographical reach across India, and expands the portfolio of minerals exploration.
Commenting on this development, Mr. Vikas Jain, Chairman & Managing Director said,
“I am glad to announce that we have recently won a new contract from Odisha Mining Corporation (OMC). We shall be conducting diamond core drilling work at chromite ore leases in the state of Odisha.
The contract is worth Rs. 13.57 cr and we expect to complete it by FY2024 -25. This further expands our geographical footprint across the country and our association with various State corporations in this industry.
Our diversified exploration and drilling capabilities allow us to provide such services for a wide range of minerals and ores.
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.”