According to the most recent information, this micro-cap business has been granted a Letter of Intent by Vedanta FACOR (Ferro Alloy Corporation Ltd.), a division of Vedanta Limited, for the purpose of doing exploratory work at the Odishan state’s Kalarangitta.
Chromite Mines in Jajpur and Katasahi Manganese Mines in Barbil. The contract is worth about Rs 848.87 lakh in total, plus any applicable GST. This is a short-term project that should be finished in five months.
Southwest Pinnacle Exploration Limited was founded in 2006 and is an exploration and drilling company focused on coal, minerals, and coal-bed methane. Offering comprehensive services in mineral and unconventional energy resource exploration, SWPEL is an ISO 9001:2015 certified company. Drilling and exploring coal, minerals, and coal-bed methane are their areas of specialization.
share results:
With a market valuation of Rs 287.39 crore, the company’s shares closed Tuesday at about Rs 103 a share. Over the course of the period, the stock has produced a negative return.
Performance financially:
The company recorded sales of Rs 45 crore in Q4 FY24 as opposed to Rs 38 crore and a net profit of Rs 2.24 crore as opposed to Rs 3.33 crore, per the Quarterly Results. The business recorded revenue of Rs 133 crore in FY24 as opposed to Rs 124 crore, and a net profit of Rs 7 crore as opposed to Rs 8 crore the year before. This micro-cap stock is one that investors need to be aware of.
In February 2025, a notable development emerged in India’s mining sector as a micro-cap company secured a significant contract valued at ₹8,48,87,000 from Vedanta Limited’s subsidiary, Ferro Alloy Corporation Limited (FACOR). This contract underscores the growing opportunities for smaller enterprises within the industry and highlights Vedanta’s commitment to engaging diverse partners in its operations.
Contract Details:
The micro-cap company received a Letter of Intent from FACOR to undertake comprehensive exploration activities. These activities encompass detailed geological surveys, core drilling, and resource estimation aimed at identifying and quantifying mineral reserves. The primary objective is to enhance FACOR’s raw material security for its ferroalloy production units.
Significance of the Order:
Securing this contract is a substantial achievement for the micro-cap company, potentially leading to increased revenue and bolstering its reputation within the mining industry. The collaboration with a prominent entity like Vedanta is expected to open avenues for future projects and partnerships, thereby contributing to the company’s growth trajectory.
Vedanta’s Strategic Focus:
Vedanta Limited, a major player in the global mining and metals sector, has been actively pursuing strategic initiatives to strengthen its operations. In recent times, the company has been exploring various avenues, including potential demergers and restructuring, to enhance shareholder value and operational efficiency. These efforts reflect Vedanta’s adaptive strategies in response to evolving market dynamics.
Industry Implications:
This collaboration exemplifies the increasing trend of large corporations engaging with smaller, specialized firms to leverage their niche expertise. Such partnerships not only foster innovation but also contribute to the overall development of the mining sector by integrating diverse capabilities and resources.
In summary, the awarding of this ₹8,48,87,000 contract to a micro-cap company by Vedanta’s subsidiary, FACOR, marks a significant milestone in the mining industry. It highlights the potential for smaller enterprises to play pivotal roles in large-scale projects and reflects Vedanta’s strategic approach to enhancing its operational framework through collaborative ventures.
Group Media Publication
Construction, Infrastructure and Mining
General News Platforms – IHTLive.com
Entertainment News Platforms – https://anyflix.in/
Legal and Laws News Platforms – https://legalmatters.in/
Podcast Platforms – https://anyfm.in/
%20/23%20cimr%204.jpg "India is selected to host the ICCC Conference in 2027.")