South West Pinnacle secures Rs 166.82 Crore CBM Production Contract Extension from Reliance Industries

South West Pinnacle secures Rs 166.82 Crore CBM Production Contract Extension from Reliance Industries​

South West Pinnacle Exploration Limited (SWPE), an integrated service provider specializing in drilling and exploration for various natural resources, has been awarded an extension of contract by Reliance Industries Ltd (RIL). The contract pertains to the production of Multi-Lateral hole drilling for Coal Bed Methane (CBM) in Madhya Pradesh and is valued at over Rs 166.82 Crore with a tentative duration of 15 months.

The award marks significant growth for SWPE, which has successfully completed two prior projects for RIL within the same domain. With this contract win, the company’s order book has crossed the Rs 760 Crore mark, indicating strong growth visibility over the next two to three years. The production of CBM is noted as a step toward catering energy needs under the Atma Nirbhar Bharat initiative.

Commenting on this development, Mr Vikas Jain, Chairman and Managing Director of SWPE, stated that securing such a large contract from a prestigious client is a major achievement. He highlighted that no additional assets need to be deployed for executing the current contract. The addition of the project helps position the order book at Rs 760 Crore, offering clear visibility toward medium to long-term goals.

Mr Piyush Jain, Joint Managing Director and the individual deeply involved in finalizing the extension, expressed confidence in the successful implementation of the contract. He noted that the contract extension will ensure continuity of present operations without any loss of time due to resource mobilization and anticipates revenue generation starting from the second quarter of FY 2026-27.

Company Profile and Operational Scale​

SWPE functions as an integrated service provider, offering end-to-end drilling and exploration services for Coal, Ferrous, Non-Ferrous, Atomic Minerals, conventional and nonconventional Oil & Gas, and groundwater investigation. The company has a history of successful project completion since its inception 19 years ago.

Key operational metrics for South West Pinnacle Exploration Limited include:


The company also holds geological reserves exceeding 84 million tons in a coal block spanning 266 Hectares in Jharkhand and is currently involved in two joint ventures in Oman, focusing on copper and gold mining exploration through Alara Resources LLC.

SOUTHWEST Stock Price Movement​

Shares of South West Pinnacle Exploration Limited are edging higher to ₹225.59 as of 9:55 AM, rallying by 2.71% in live trading. The stock gained ₹5.96 during the session so far, with a volume of 162,936 shares traded.