Deals28 Feb 2026, 12:01 pm
South West Pinnacle Exploration Ltd Secures INR 307 Crore Exploration Services Contract
AI Summary
South West Pinnacle Exploration Limited (SWPE) has signed a long-term exploration services contract with M/s Hind Metal Exploration Services Pvt Ltd., a wholly owned subsidiary of M/s Hindustan Zinc Limited. The contract, valued at approximately INR 307 Crore, is the largest ever single order bagged by the company and is expected to start generating significant additional revenue from the first quarter of FY 2026-27. The contract will be executed over a period of four years after mobilization.
Key Highlights
- SWPE signed an exploration services contract with M/s Hind Metal Exploration Services Pvt Ltd., a wholly owned subsidiary of M/s Hindustan Zinc Limited.
- The contract is valued at approximately INR 307 Crore.
- The contract is the largest ever single order for SWPE and is expected to start generating significant additional revenue from the first quarter of FY 2026-27.
- The contract will be executed over a period of four years after mobilization.
- M/s Hind Metal Exploration Services Pvt Ltd. is a wholly owned subsidiary of M/s Hindustan Zinc Limited.