{"id":144894,"date":"2025-02-12T15:50:52","date_gmt":"2025-02-12T10:20:52","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=144894"},"modified":"2025-02-12T16:14:01","modified_gmt":"2025-02-12T10:44:01","slug":"mining-stock-in-focus-after-receiving-order-worth-10-cr-from-odisha-govt","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mining-stock-in-focus-after-receiving-order-worth-10-cr-from-odisha-govt\/","title":{"rendered":"Mining stock in focus after receiving order worth \u20b910 Cr from Odisha Govt."},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1276444652\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of a mining company engaged in the business of drilling and exploration of coal, ferrous, non ferrous, atomic and base metal are in focus after receiving a Letter of Intimation from the Government of Odisha for the Solar Pumping System.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2425275539\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong>Share Price Movement<\/strong><\/p><p>The shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/SOUTHWEST\">South West Pinnacle Ltd<\/a>, <\/strong>with a market capitalization of Rs 348 Crores, as of 3:00 pm were trading around Rs 126 per share which was 1.9% down from its previous closing price of Rs 128.5.\u00a0<\/p><p><strong>What Happened<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-2147132140\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As per a press release dated February 12, 2025, South West Pinnacle Exploration Limited (SWPE) has received a Letter of Intimation from&nbsp; Odisha Lift Irrigation Corporation Limited for the installation of deep bore wells for the Solar Pumping System in the state of Odisha<\/p><p>for a consideration Rs. 10.11 Crores.<\/p><p><strong>Financials<\/strong><\/p><p>The company reported an increase of 15% YoY in Revenues from Rs 42.15 Crores in Q3FY24 to Rs 48.54 Crores in Q3FY25. On a quarterly basis, revenues rose 77.4% from Rs 27.36 Crores in Q2FY25.<\/p><p>Their Net Profits were flatter on a YoY basis with Rs 4.16 Crores in Q3FY25 as against Rs 4.2 Crores in Q3FY24. However, on a quarterly basis, profits jumped 940% from Rs 0.4 Crores in Q2FY25.&nbsp;<\/p><p><strong>Mining Industry<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2315123220\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As per Deloitte\u2019s report, the Indian mining sector is crucial for the country&#8217;s growth, impacting downstream industries like power, steel, and aluminium, which are linked to manufacturing and infrastructure sectors. With vast mineral reserves, India\u2019s mining contribution to GDP has ranged between 2.1% and 2.5% over the last decade. The sector has the potential to drive India toward a USD 30 trillion economy by 2047, creating 25 million jobs and contributing an additional USD 500 billion to GDP.<\/p><p><strong>About South West Pinnacle Exploration Ltd<\/strong><\/p><p>South West Pinnacle Exploration Ltd. is a fast-growing private exploration services company in India, specializing in mineral, coal, and CBM (Coal Bed Methane) exploration, aquifer mapping, and geological and geophysical services. It operates a fleet of 35 rigs with drilling capacities up to 2000m.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Adhvaitha Nayani<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-3546136996\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of a mining company engaged in the business of drilling and exploration of coal, ferrous, non ferrous, atomic and base metal are in focus after receiving a Letter of Intimation from the Government of Odisha for the Solar Pumping System. Share Price Movement The shares of South West Pinnacle Ltd, with a market [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-144894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mining stock in focus after receiving order worth \u20b910 Cr from Odisha Govt. - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of a mining company engaged in the business of drilling and exploration of coal, ferrous, non ferrous, atomic and base metal are in focus after receiving a Letter of Intimation from the Government of Odisha for the Solar Pumping System.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/mining-stock-in-focus-after-receiving-order-worth-10-cr-from-odisha-govt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mining stock in focus after receiving order worth \u20b910 Cr from Odisha Govt.\" \/>\n<meta property=\"og:description\" content=\"The shares of a mining company engaged in the business of drilling and exploration of coal, ferrous, non ferrous, atomic and base metal are in focus after receiving a Letter of Intimation from the Government of Odisha for the Solar Pumping System.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/mining-stock-in-focus-after-receiving-order-worth-10-cr-from-odisha-govt\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-12T10:20:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-12T10:44:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/mining-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/mining-stock-in-focus-after-receiving-order-worth-10-cr-from-odisha-govt\/\",\"url\":\"https:\/\/tradebrains.in\/features\/mining-stock-in-focus-after-receiving-order-worth-10-cr-from-odisha-govt\/\",\"name\":\"Mining stock in focus after receiving order worth \u20b910 Cr from Odisha Govt. - 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