South West Pinnacle Exploration Secures ₹166.82 Crore CBM Contract Extension from RIL
South West Pinnacle Exploration Limited received a contract extension from Reliance Industries Ltd. for CBM Production services in Madhya Pradesh. The extended contract is valued at approximately ₹166.82 Crore (including GST) and has a tentative duration of 15 months, with an option for a six-month extension. Revenue generation is expected to start from Q2 FY27.
The contract value of ₹166.82 Crore is material and is expected to contribute to the company's revenue, impacting its financial performance.
The company has secured a significant contract extension, which is expected to generate substantial revenue and indicates continued business with a major client.
South West Pinnacle Exploration Limited (SWPE) has announced the extension of its contract with Reliance Industries Ltd. (RIL) for providing CBM Production services in Madhya Pradesh.
The extended contract, including GST, is valued at approximately ₹166.82 Crore. This contract is expected to commence revenue generation from the second quarter of FY 2026-27.
SWPE has confirmed that the necessary machines, equipment, trained manpower, and other resources are already in place, meaning no additional assets will be required for execution. The contract has a tentative duration of 15 months, with an option for a further six-month extension. This award was made by a domestic entity, and RIL is not a related party to SWPE.
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