South West Pinnacle surges on signing contract with Hind Metal Exploration Services
South West Pinnacle Exploration is currently trading at Rs. 185.90, up by 2.60 points or 1.42% from its previous closing of Rs. 183.30 on the BSE.
The scrip opened at Rs. 183.30 and has touched a high and low of Rs. 185.90 and Rs. 177.05 respectively. So far 1870 shares were traded on the counter.
The BSE group 'T' 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. 194.50 and Rs. 177.05 respectively. The current market cap of the company is Rs. 554.54 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 (SWPE) has signed an exploration services contract with Hind Metal Exploration Services, a wholly owned Subsidiary of Hindustan Zinc. This is the largest ever single order bagged by the company for imparting exploration services in the state of Rajasthan. It is a long duration contact to be executed over a period of four years after mobilisation.
The aggregate value of contract including GST is around Rs 307 crore. The contract is expected to start fetching sizable additional revenue in first quarter of FY 2026-27 itself after completion of mobilisation of Rigs and other resources in next 45 days.
