South West Pinnacle wins ₹5.89 cr order from Coal India arm
The order from CMPDI for Jharkhand coal exploration is small relative to revenue but adds a reputed PSU client to the micro-cap's order book.
— 4 earlier stories on South West Pinnacle Exploration Ltd. →What's new
- South West Pinnacle gets Letter of Award from CMPDI for detailed coal exploration in Jharkhand.
- Order value is ₹5.89 crore including GST, to be executed in 180 days.
- The contract will contribute to revenue in FY27.
Why this matters
For a micro-cap explorer, a contract from a Coal India subsidiary carries reputational weight beyond its size. Though just 2.4% of FY26 revenue, it adds to a growing order book — the company had already bagged ₹21.53 crore in orders from the same group in June.
What we're watching
- Whether more orders follow from CMPDI or other PSUs.
- Revenue recognition pace on the 180-day execution timeline.
- Impact on order book after recent ₹21.53 cr wins.
The full read
South West Pinnacle Exploration, a ₹667 crore micro-cap, has bagged a ₹5.89 crore order from CMPDI, a Coal India subsidiary. The job is detailed coal exploration in Jharkhand, to be done in 180 days. Modest. The order is just 2.4% of FY26 revenue, but it reinforces ties with a reputed PSU client. This follows a ₹21.53 crore order from the same group in June, along with a ₹26.9 crore promoter stake sale days later. The new contract adds to the order book and will contribute revenue this year. For a company with trailing PAT growth of 34%, every incremental order helps, even ones that don't move the needle alone.
Questions answered
- How significant is this order for South West Pinnacle's revenue?
- At ₹5.89 crore, the order is about 2.4% of FY26 revenue of ₹245 crore. It's modest but provides incremental visibility.
- Who is the counterparty, and why does it matter?
- The counterparty is Central Mine Planning & Design Institute, a subsidiary of Coal India. A PSU client adds credibility for a micro-cap like South West Pinnacle.
- Has the company won similar orders recently?
- Yes, on June 4, 2026, it announced ₹21.53 crore in combined orders from a Coal India arm and a gold explorer. This is the second Coal India-related win in two months.
- What is the execution timeline, and when will revenue be recognized?
- The contract is to be executed within 180 days, and revenue will be booked in the current financial year (FY27).
South West Pinnacle Exploration Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on SOUTHWEST →- 6 Jul 2026 · 5:36 PM IST South West Pinnacle wins ₹5.89 cr order from Coal India arm
- 3d ago South West Pinnacle lands ₹166.82 cr Reliance CBM extension
- 8d ago South West Pinnacle to issue 2.82 million shares on warrant conversion
- 15d ago South West Pinnacle promoters vend 3.91% stake worth ₹26.9 cr in open market
- 36d ago South West Pinnacle lands ₹21.5 cr from Coal India arm, gold explorer