SWPE gets CBM contract extension from Reliance worth Rs 166.82 Cr

Order Above 5pct RevenueBusiness Updates View source PDF

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AI summary

South West Pinnacle Exploration (SWPE) has received a contract extension from Reliance Industries for CBM (Coal Bed Methane) production services in Madhya Pradesh. The contract is valued at around Rs 166.82 crore including GST, with a 15-month duration extendable by 6 months. Revenue is expected from Q2 FY 2026-27. No extra equipment is needed as machines and trained manpower are already in place. Domestic order, no related party interest.

Likely market impact

Large order from a top client boosts revenue visibility; positive for stock given size of contract relative to company operations.