South West Pinnacle Exploration Ltd

South West Pinnacle Exploration (SWPE) has received the extension of contract from Reliance Industries (RIL) for imparting services of CBM Production in the state of Madhya Pradesh. The aggregate value of extended contract including GST is Rs 166.82 crore. The awarded work is expected to start fetching revenue from second quarter of FY 2026-27 itself as required machines and equipment with trained manpower and other resources are already in place there and no additional assets are needed to be deployed to execute this contract.

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 exploration services in Jharkhand. The order is valued at approximately Rs 5.89 crore, including GST, and is scheduled to be executed within 180 days. The company said the order is expected to strengthen its order book and contribute to revenue during the current financial year. South West Pinnacle Exploration (SWPEL) is an integrated service provider offering end-to-end drilling and exploration services for natural resources, including coal, ferrous and non-ferrous minerals, atomic minerals, conventional and non-conventional oil and gas, and groundwater investigations. The company's consolidated net profit increased 30.63% to Rs 13.05 crore, while revenue rose 5.23% to Rs 77.70 crore in Q4 FY26 from Q4 FY25.Powered by Capital Market - Live

South West Pinnacle Exploration will hold a meeting of the Board of Directors of the Company on 10 July 2026.

South West Pinnacle Exploration has been recently awarded two Letters of Award/Work Order for imparting exploration, drilling and related support services total valuing over Rs 15.17 crore (including GST) and one work order through its wholly owned subsidiary namely M/s South West Resources valuing Rs 6.36 crore (including GST).

The empanelment has been granted for a period of three years and enables the company to participate in bidding opportunities and tenders to be issued by Oil India for seismic data acquisition services during the validity period of the empanelment. 'This empanelment reflects the Company's technical expertise, operational capabilities, and experience in the field of geophysical and seismic survey services. We believe that the empanelment will further strengthen our position in the exploration services sector and will enhance opportunities for participation in upcoming projects,' South West Pinnacle Exploration said in a statement. SWPEL is an integrated service provider, providing end-to-end drilling & exploration of natural resources, viz., coal, ferrous, non-ferrous & atomic minerals, conventional & non-conventional oil & gas, and groundwater investigation. The company's consolidated net profit rose 30.63% to Rs 13.05 crore on a 5.23% increase in revenue to Rs 77.70 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

South West Pinnacle Exploration will hold a meeting of the Board of Directors of the Company on 4 May 2026.

Following the award of this contract, the company's order book has increased to about Rs 700 crore, providing visibility for medium- to long-term growth. SWPE has successfully completed multiple projects for this group in the past and is currently working for them in two more projects in the state of Maharashtra & Chhattisgarh. This reinforces company's ability to gain client's faith and confidence to deliver as per their requirement. Vikas Jain, chairman & managing director (MD) said, 'I am pleased to share the heartening news about signing long term contract with Hind Metal Exploration, a wholly owned subsidiary of Hindustan Zinc 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.' Jain further emphasized that We value our partnership and look forward to strengthening it further by successfully completing this project. ' Piyush Jain, the Jt. managing director (MD), while expressing his happiness on the development reposed his confidence for timely execution of the contract based on his past experience and added that 'it will prove a corner stone in company's growth'. He further added that 'the contract shall start generating additional revenue from first quarter of FY 27 itself '. He thanked the entire team of SWPE for their dedication and hard work, and also the client for their support in accomplishing Company's goals. SWPEL is an integrated service provider, providing end-to-end drilling & exploration of natural resources, viz., coal, ferrous, non-ferrous & atomic minerals, conventional & non-conventional oil & gas, and groundwater investigation. The company's consolidated net profit surged 121.6% to Rs 9.22 crore on a 29.1% increase in net sales to Rs 62.67 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live

The contract is slated for execution over four years post-mobilization, with key terms including mobilization of machines, manpower, and resources within 45 days; construction of the approach road by SWPE; and adherence to safety, labor, environmental, and mining engineering standards, while statutory and environmental clearances will be arranged by HMESPL. SWPEL is an integrated service provider, providing end-to-end drilling & exploration of natural resources, viz., coal, ferrous, non-ferrous & atomic minerals, conventional & non-conventional oil & gas, and groundwater investigation. The company's consolidated net profit surged 121.6% to Rs 9.22 crore on a 29.1% increase in net sales to Rs 62.67 crore in Q3 FY26 over Q3 FY25. Shares of South West Pinnacle Exploration rose 0.14% to end at Rs 183.30 on the BSE on Friday.Powered by Capital Market - Live

South West Pinnacle Exploration (SWPE) has signed an exploration services contract with M/s Hind Metal Exploration Services, a wholly owned Subsidiary of Hindustan Zinc. This is the largest ever single order bagged by the company for imparting exploration services in the state of Rajasthan. It is a long duration contact to be executed over a period of four years after mobilisation. The aggregate value of contract including GST is Rs 307 crore. The contract is expected to start fetching sizable additional revenue in first quarter of FY 2026-27 itself after completion of mobilisation of Rigs and other resources in next 45 days. Powered by Capital Market - Live

Net profit of South West Pinnacle Exploration rose 121.63% to Rs 9.22 crore in the quarter ended December 2025 as against Rs 4.16 crore during the previous quarter ended December 2024. Sales rose 29.11% to Rs 62.67 crore in the quarter ended December 2025 as against Rs 48.54 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales62.6748.54 29 OPM %27.3718.13 - PBDT15.797.97 98 PBT12.655.44 133 NP9.224.16 122 Powered by Capital Market - Live