Valorem CXO Meet - South West Pinnacle Exploration Ltd.

Описание: South West Pinnacle Exploration (SWPE) is a fully integrated exploration services company, with a strong track record in mineral and unconventional energy resource exploration.

SWPE , offers end-to-end drilling and exploration solutions acrosscoal, ferrous, non-ferrous, atomic minerals, as well as conventional and unconventional oil & gassectors, using most domains of exploration. The company operates a fleet of 36 advanced drill rigs (with capabilities of up to 2,000meters) supported by 15 geoscientists and specialised logging and geophysical survey equipment. 5 more rigs are in the pipeline to support enhanced business requirement making total rigs no to 41.

SWPE has drilled over 2.8 million meters and completed 150+ projects for both government andprivate clients, without a single Lost Time Injury (LTI) since inception. Its marquee clientele includesReliance, Vedanta, Oil India, , Hindustan Copper, CMPDI , CGWB and Hindalco , DMT etc . with operations spanning domestic and select international markets. It is currently executing 15 active projects across India with an order book of over INR 300 crores.

The company has also expanded internationally with 2 JVs inOman. The first one is imparting mining services to copper and gold mine thru a long term contract besides exploration . The second JV formed recently , been allocated a mineral block spread across 1448 Sq KM by MEM , Sultanate of Oman.

SWPE has also been allocated a partially explored coal block in Jharkhand by MOC , GOI . The block is spread across 266 Hectare, having geological reserves of over 84 Million Tons.

The company has had a strong financial performance of 15% Revenue and PAT CAGR for last 3 yearsand maintains a deleveraged balance sheet with the debt to equity ratio at 0.4x.