South West Pinnacle Exploration Ltd signs contract worth Rs. 307 crore

South West Pinnacle Exploration Limited (SWPE) has signed an exploration services contract with M/s Hind Metal Exploration Services Pvt Ltd., a wholly owned Subsidiary of M/s Hindustan Zinc Limited. 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 ~ INR 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.

Shares of South West Pinnacle Exploration Limited was last trading in BSE at Rs. 183.30 as compared to the previous close of Rs. 183.05. The total number of shares traded during the day was 6918 in over 48 trades.

The stock hit an intraday high of Rs. 185.50 and intraday low of 180.00. The net turnover during the day was Rs. 1261980.00.

Source : Equity Bulls

Keywords

SouthWestPinnacleExploration INE980Y01015 SWPE Contract OrderWin HindustanZinc