Stock under Rs 150: This Micro-cap Exploration and Mining Company Secures Rs 10.11 Crore Order from Odisha Lift Irrigation Corporation
The company's shares have given multibagger returns of 609 per cent in the last 5 years.
South West Pinnacle Exploration Limited (SWPE) has received a Letter of Intimation (LOI) from Odisha Lift Irrigation Corporation Limited for the installation of deep bore wells for a solar pumping system in Odisha. The total contract value, including GST, is approximately Rs 10.11 crore.
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The project is a short-duration assignment awarded by a domestic entity. As per the contract terms, SWPE will provide an Initial Security Deposit (ISD) amounting to 2 per cent of the total project value.
This development marks another milestone for SWPE in infrastructure and renewable energy-driven projects.
Incorporated in 2006, South West Pinnacle Exploration Ltd is in the business of drilling and exploration of coal, minerals and coal-bed methane. SWPEL is an ISO 9001:2015 certified, full-fledged exploration cum mining company which provides services in the fields of Mineral & Unconventional Energy resources. The shares of company has given multibagger returns of 609 per cent in last 5 years.
Earlier, the Company received In-principle approval from the National Stock Exchange of India Limited for the proposed issue of 28,11,611 Equity Shares to non-promoters and 28,21,411 Share Warrants to promoter and non-promoter category of members on a preferential basis.
Investors can keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.