South West Pinnacle Exploration Ltd Share Price – NSE  / BSE

Mining & Mineral products, Small Cap

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.

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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).