South West Pinnacle Exploration moves higher on bagging LoA worth Rs 54.81 crore
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South West Pinnacle Exploration is currently trading at Rs. 107.90, up by 4.65 points or 4.50% from its previous closing of Rs. 103.25 on the BSE.
The scrip opened at Rs. 102.95 and has touched a high and low of Rs. 108.40 and Rs. 102.95 respectively. So far 3397 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 191.95 on 09-Nov-2023 and a 52 week low of Rs. 98.35 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 112.20 and Rs. 98.35 respectively. The current market cap of the company is Rs. 301.07 crore.
The promoters holding in the company stood at 74.68%, while Institutions and Non-Institutions held 0.08% and 25.24% respectively.
South West Pinnacle Exploration (SWPE) has received a Letter of Award (LoA) of contract from M/s Central Ground Water Board (CGWB), Ministry of Jal Shakti, Department of Water Resources, River Development and Ganga Rejuvenation, Faridabad for Construction of Piezometers in soft rock/hard rock and supply, installation and commissioning of DWLRs and telemetry, data acquisition etc. in the state of Gujrat and Maharashtra. The aggregate value of contract is around Rs 54.81 crore plus GST as applicable. This project is to be completed in one year and nine months. However, it expects to complete the project well before the stipulated time lines.
South West Pinnacle Exploration is an integrated Service Provider providing end-to-end Drilling & exploration of Natural resources.
