South West Pinnacle Exploration Limited has informed the Exchange about Bagging/Receiving of orders/contracts
SOUTHWEST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
South West Pinnacle Exploration Limited (SWPE) has signed a long-term exploration services contract valued at approximately INR 307 Crore (including GST) with Hind Metal Exploration Services Pvt Ltd, a wholly-owned subsidiary of Hindustan Zinc Limited. The contract covers exploration services in Rajasthan and is the largest single order ever bagged by the company. Work will be executed over a period of four years after mobilization, which is to be completed within 45 days. Revenue from this contract is expected to begin flowing in from Q1 FY 2026-27. The order is a domestic contract and does not involve any related party transactions.
This is a significant positive for shareholders as it represents a record-breaking order that will substantially boost the company's revenue over the next four years. The strong backing from Hindustan Zinc, a major mining player, adds credibility and may signal further business potential in the mineral exploration space.