BSECompany Update13 Aug 2026 · 13 Aug 2026, 12:21 pm
Announcement for Letter of Intimation (LOI) from M/s Odisha Lift Irrigation Corporation Limited(A Govt of Odisha Undertaking)
South West Pinnacle Exploration Ltd · 543986
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South West Pinnacle Exploration Ltd has received a Letter of Intimation (LOI) from Odisha Lift Irrigation Corporation Limited for the installation, electrification, energisation & commissioning of 500 deep borewells in Odisha worth INR 18.71 Crores.
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Growth Catalyst8/10
Governance Concern1/10
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Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment7/10
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Full Announcement
South West Pinnacle Exploration Ltd - 543986 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
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ISO 9001: 2015 Certified Company
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W: www.southwestpinnacle.com
Date: August 13, 2026
To, To,
Listing Department Listing Department
National Stock Exchange of India Ltd. Bombay Stock Exchange Limited
Exchange Plaza, 5th Floor Plot No. C/1, Phiroze Jeejeebhoy Towers, Dalal Street,
G Block, Bandra-Kurla Mumbai-400001
Complex Mumbai 400051 Scrip Code: 543986
SYMBOL: SOUTHWEST
Subject: Announcement for Letter of Intimation (LOI) from Odisha Lift Irrigation Corporation Limited
(OLIC), (A Govt. of Odisha Undertaking)
Dear Sir/Madam,
We are pleased to share that South West Pinnacle Exploration Limited (SWPE) has received a Letter
of Intimation (LOI) from M/s Odisha Lift Irrigation Corporation Limited (OLIC) for installation,
electrification, energisation & commissioning of 500 no. of deep borewells in the state of Odisha. The
aggregate value of work including GST is ~ INR ~18.71 Crores.
Details required in accordance to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
dated January 30, 2026 are attached as Annexure-I.
This is for your information and records.
Thanking you
For South West Pinnacle Exploration Limited
Vaishali
Company Secretary & Compliance Officer
Encl: As above
ISO 9001: 2015 Certified Company
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Annexure-I
Name of the entity awarding the M/s Odisha Lift Irrigation Corporation Limited
order(s)/contract(s) (OLIC)
Significant terms and conditions of a. Initial Security Deposit of 2% to be submitted
order(s)/contract(s) awarded in brief within 7 days.
b. Scope of work includes conducting VES test,
drilling and lowering the casing pipe, installation
of submersible pump and construction of 3
phase LT Line etc
c. Guarantee Period is 18 months from the date
of completion & commissioning
Whether order(s) / contract(s) have been Domestic entity
awarded by domestic/ international entity
Nature of order(s) / contract(s) Installation, electrification, energisation &
commissioning of 500 no. of deep borewells in
the state of Odisha
Time period by which the order(s)/contract(s) is 180 days
to be executed
Broad consideration or size of the Work Order Value is ~Rs. 18.71 Crores
order(s)/contract(s) including GST (including GST)
Whether the promoter/ promoter group / group No
companies have any interest in the entity that
awarded the order(s)/contract(s)? If yes, nature
of interest and details thereof
Whether the order(s)/contract(s) would fall No
within related party transactions? If yes,
whether the same is done at “arms length”