South West Pinnacle Exploration Secures ₹307 Crore Exploration Contract
South West Pinnacle Exploration has signed its largest-ever exploration services contract worth ₹307 Crore with Hind Metal Exploration Services, a subsidiary of Hindustan Zinc. The four-year contract in Rajasthan is expected to boost revenue starting Q1 FY27 after 45 days of mobilization.
The contract value of ₹307 Crore represents a substantial business win for the company, impacting its future revenue and market position.
The company has secured its largest single order, which is expected to significantly boost its revenue.
South West Pinnacle Exploration Limited (SWPE) has announced the signing of a significant exploration services contract with M/s Hind Metal Exploration Services Pvt Ltd., a wholly owned subsidiary of Hindustan Zinc Limited. This contract, valued at approximately ₹307 Crore including GST, is the largest single order ever secured by SWPE.
The contract involves imparting exploration services in the state of Rajasthan and is a long-duration agreement to be executed over a period of four years after mobilization.
SWPE is expected to commence mobilization of rigs and other resources within the next 45 days. The company anticipates that the contract will start generating substantial additional revenue from the first quarter of FY 2026-27.
Key terms of the contract include the mobilization of machines and manpower within 45 days, construction of an approach road by SWPE, and arrangement of environmental and other clearances by HMESPL. SWPE will execute the operations prudently and efficiently, adhering to mining engineering standards, safety standards, labor, environmental, and other applicable laws.
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South West Pinnacle Exploration Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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