South West Pinnacle Exploration Limited has informed the Exchange regarding a press release dated March 09, 2026, titled "Company Signs Long Term Exploration Services Contract valuing over INR 307 Crore".
SOUTHWEST · price
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Awaiting price reaction for this filing.
South West Pinnacle Exploration (SWPE) has bagged a long-term exploration services contract valued at over INR 307 Crore from Hind Metal Exploration Pvt Ltd, a wholly owned subsidiary of Hindustan Zinc Ltd, for work in Rajasthan. Management has called this the single largest contract in the company's history. With this win, SWPE's total order book now stands at INR 700 Crore. The company said additional revenue from this contract will start flowing from Q1 FY27 and will significantly enhance overall revenue. SWPE has prior working experience with the Hindustan Zinc group and is already executing two other projects for them in Maharashtra and Chhattisgarh.
Strong positive for shareholders — a record-sized order materially expands the order book and provides medium-to-long term revenue visibility, likely to be viewed favorably by the market.