Deals9 Mar 2026, 08:17 am
South West Pinnacle Exploration Ltd Signs INR 307 Crore Long Term Exploration Services Contract
AI Summary
South West Pinnacle Exploration Limited (SWPE) has been awarded a long term contract from Hind Metal Exploration Pvt Ltd., a wholly owned subsidiary of Hindustan Zinc Ltd. for imparting exploration services in the State of Rajasthan, valued at over INR 307 Crore. This contract significantly enhances the revenue of the company and ensures growth in medium to long term. The order book of the company now stands at INR 700 Crores after award of this contract. SWPE has a successful track record with this group and is currently working on two more projects in Maharashtra & Chhattisgarh.
Key Highlights
- SWPE signed a long term contract with Hind Metal Exploration Private Ltd., a wholly owned subsidiary of Hindustan Zinc Ltd. for imparting Exploration services in the state of Rajasthan.
- The contract is valued at over INR 307 Crore, which is the single largest contract in the history of the company.
- This contract significantly enhances the revenue of the company and ensures growth in medium to long term.
- The order book of the company now stands at INR 700 Crores after award of this contract.
- SWPE has a successful track record with this group and is currently working on two more projects in Maharashtra & Chhattisgarh.