South West Pinnacle Exploration zooms on winning Rs 307 crore exploration services contract
South West Pinnacle Exploration is currently trading at Rs. 200.00, up by 10.75 points or 5.68% from its previous closing of Rs. 189.25 on the BSE.
The scrip opened at Rs. 191.40 and has touched a high and low of Rs. 205.00 and Rs. 182.40 respectively. So far 32705 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 242.55 on 01-Dec-2025 and a 52 week low of Rs. 95.60 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs. 187.80 and Rs. 177.05 respectively. The current market cap of the company is Rs. 590.63 crore.
The promoters holding in the company stood at 68.85%, while Institutions and Non-Institutions held 0.28% and 30.87% respectively.
South West Pinnacle Exploration has received long term contract from Hind Metal Exploration, a wholly owned subsidiary of Hindustan Zinc, for imparting exploration services in the State of Rajasthan, valued at over Rs 307 crore. The order book of the company now stands at Rs 700 crore after award of this contract. This ensures growth in medium to long term.
The company has successfully completed multiple projects for this group in the past and is currently working for them in two more projects in the state of Maharashtra & Chhattisgarh.
