South West Pinnacle gains after bagging Rs 167-cr RIL contract
Mumbai, July 7 -- The contract has been awarded by a domestic entity and is scheduled to be executed over a tentative period of 15 months, with an option to extend it by an additional six months.
The company said all terms and conditions of the contract are standard in nature. It also clarified that neither its promoter, promoter group, nor group companies have any interest in Reliance Industries.
The company further stated that the contract does not constitute a related-party transaction.
In another filing, the company said it has received a letter of award (LoA) from Central Mine Planning and Design Institute (CMPDI), a Mini Ratna public sector undertaking and a wholly owned subsidiary of Coal India, for providing detailed coal explo...
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