South West Pinnacle Exploration Receives Contract Extension from Reliance Industries Ltd. Worth INR 166.82 Crore
South West Pinnacle Exploration Limited (SWPE) has secured an extension of contract from M/s Reliance Industries Ltd. (RIL) for providing CBM Production services in the state of Madhya Pradesh.The aggregate value of the extended contract, including GST, is approximately INR 166.82 Crore.
The awarded work is anticipated to begin generating revenue starting in the second quarter of FY 2026-27. SWPE confirmed that it is fully prepared for the execution of this contract, noting that all necessary machines, equipment, trained manpower, and other resources are currently available, requiring no deployment of additional assets.
The terms and conditions related to the expanded contract have been summarized below:
| Financial & Contract Details | Description |
|---|---|
| Awarding Entity | M/s Reliance Industries Ltd. (RIL) |
| Nature of Service | Imparting CBM Production services in Madhya Pradesh |
| Contract Value | Approximately Rs. 166.82 Crores (including GST) |
| Time Period | A tentative estimated duration of 15 months, with an option to extend by another six months |
| Transaction Type | Domestic entity awarding the order |
This contract involves the provision of CBM production services and is structured as a non-related party transaction.
SOUTHWEST Stock Price Movement
Shares of SOUTH WEST PINNACLE EXPLORATION LIMITED are edging higher to ₹220.26 as of 9:16 AM today, gaining 0.29% in live trading. Trading activity remains extremely light so far, with only 306 shares recorded against the stock.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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