The contract is slated for execution over four years post-mobilization, with key terms including mobilization of machines, manpower, and resources within 45 days; construction of the approach road by SWPE; and adherence to safety, labor, environmental, and mining engineering standards, while statutory and environmental clearances will be arranged by HMESPL.
SWPEL is an integrated service provider, providing end-to-end drilling & exploration of natural resources, viz., coal, ferrous, non-ferrous & atomic minerals, conventional & non-conventional oil & gas, and groundwater investigation.
The company’s consolidated net profit surged 121.6% to Rs 9.22 crore on a 29.1% increase in net sales to Rs 62.67 crore in Q3 FY26 over Q3 FY25.
Shares of South West Pinnacle Exploration rose 0.14% to end at Rs 183.30 on the BSE on Friday.