India, July 7 -- South West Pinnacle Exploration Ltd. has received an extension of its contract from Reliance Industries Ltd. (RIL) for providing Coal Bed Methane (CBM) production services in Madhya Pradesh.
The extended contract is valued at approximately ?166.82 crore, including GST.
The company said the project is expected to start generating revenue from the second quarter of FY27, as all required machinery, equipment, trained manpower and other resources are already in place. It added that no additional capital deployment will be required to execute the contract.
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