Long-Term Contract Worth Over Rs 307 Crore Pushes South West Pinnacle Exploration’s Order Book to Rs 700 Crore
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SWPE has bagged a contract worth over Rs 307 crore from Hind Metal Exploration, a subsidiary of Hindustan Zinc Ltd, boosting its order book to Rs 700 crore and setting the stage for strong medium- to long-term growth.
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With this, SWPE’s Order Book now stands at Rs 700 Crores. This provides a strong and visible pathway for medium- to long-term growth of the company. The project is also expected to be a cornerstone in the company’s growth. The contract shall start generating additional revenue from the first quarter of 2026-27 itself.
SWPE is currently working on two more projects in the states of Maharashtra and Chhattisgarh after successfully completing several projects for this group in the past. This strengthens the business's capacity to win over customers' trust and confidence in its ability to meet their needs.
The Chairman & Managing Director of the company, Mr. Vikas Jain said –
“I am pleased to share the heartening news about signing long term contract with Hind Metal Exploration Private Ltd., a wholly owned subsidiary of Hindustan Zinc Limited. Valuing over Rs 307 crore for imparting Exploration services in the state of Rajasthan. This is the single largest contract in the history of the company, which will significantly enhance the revenue of the company, paving way to catch up the faster growth trajectory.” Mr. Jain further emphasised that “We value our partnership and look forward to strengthening it further by successfully completing this project.”
About South West Pinnacle Exploration Limited
Incorporated in 2006, South West Pinnacle Exploration Limited is an Integrated Service Provider, providing end-to-end drilling & exploration solutions across coal, ferrous, non-ferrous, atomic minerals, as well as conventional & unconventional oil and gas sectors. As of December 2025, it operates a fleet of 40 advanced drill rigs (with capabilities up to 2,500 meters), supported by 15 geoscientists and specialised logging and geophysical survey equipment.
South West Pinnacle Exploration Share Price
Following the disclosure on Monday (March 09, 2026), the share price of South West Pinnacle Exploration rose by over 4 per cent, reaching Rs 197 as of 12:07 PM. On an Intraday basis, the share made a high of Rs 204.96, an increase of 7.86 per cent over the closing price of Rs 190.02 on Friday. On a YTD basis, the share has delivered 2.60 per cent, and on a yearly basis, the company has delivered 88.47 per cent returns to the investors.
Disclaimer: The article is for informational purposes only and not investment advice.