South West Pinnacle Exploration Bags ₹307 Crore Long-Term Exploration Contract From Hind Metal Exploration; Order Book Rises to ₹700 Crore

Haryana, March 9, 2026 | South West Pinnacle Exploration Ltd (NSE: SOUTHWEST, BSE: 543986)​

South West Pinnacle Exploration Limited (SWPE), an integrated drilling and exploration services provider for natural resources, has secured a long-term exploration services contract valued at over ₹307 crore from Hind Metal Exploration Pvt. Ltd., a wholly owned subsidiary of Hindustan Zinc Ltd. The project will be executed in Rajasthan and marks the largest contract win in the company’s history.
Following the award of this contract, the company’s total order book has expanded to approximately ₹700 crore, providing medium to long-term revenue visibility and strengthening its growth outlook.
The company has previously completed several projects for the same group and is currently executing two additional assignments in Maharashtra and Chhattisgarh. The new contract further reinforces the client’s continued engagement with SWPE for exploration services.

Contract Details​

The project is expected to begin contributing to revenue from the first quarter of FY27.

Management Commentary​

Vikas Jain, Chairman and Managing Director, said the agreement represents a significant milestone for the company.
“This long-term contract valued at over ₹307 crore is the single largest contract in the history of the company and will significantly enhance our revenue. It paves the way for accelerated growth and strengthens our long-standing partnership with the client.”
Piyush Jain, Joint Managing Director, expressed confidence in the company’s ability to deliver the project on schedule.
“This development is expected to become a cornerstone in the company’s growth. Based on our past experience, we are confident of timely execution, and the contract will start generating additional revenue from the first quarter of FY27.”

Business Operations and Capabilities​

South West Pinnacle Exploration provides integrated drilling and exploration services across a wide spectrum of natural resources including coal, ferrous and non-ferrous minerals, atomic minerals, oil and gas, and groundwater investigation.
The company deploys advanced exploration technologies such as surface geological investigations, downhole geophysics, 2D and 3D seismic surveys, and passive seismic tomography to support resource discovery and evaluation.
Over the past 19 years, the company has completed more than 160 projects for major government and private sector clients. It is currently operating 20 projects across India.

Operational Achievements​

Strategic Projects and International Presence​

SWPE has been allocated a coal block in Jharkhand spanning 266 hectares with geological reserves exceeding 84 million tonnes. The company has entered into a Coal Mine Development and Production Agreement with the Ministry of Coal and is currently undertaking exploration activities to advance the project toward mining development.
Internationally, the company operates two joint ventures in Oman. One venture provides mining services under a long-term contract for copper and gold extraction, while also carrying out exploration and drilling activities. The second joint venture has been allotted a mining block where exploration work is currently underway.

About South West Pinnacle Exploration Limited​

South West Pinnacle Exploration Limited is listed on the National Stock Exchange and the Bombay Stock Exchange. The company specializes in end-to-end drilling and exploration services for natural resources including coal, minerals, oil and gas, and groundwater. With advanced drilling infrastructure and geophysical exploration capabilities, the company serves major public and private sector clients in India and international markets.