South West Pinnacle bags ₹307 Cr contract from Hind Zinc arm; stock moves up 2%South West Pinnacle bags ₹307 Cr contract from Hind Zinc arm; stock moves up 2%

Introduction

Leading exploration services company signed a four-year ₹307 crore contract with Hind Metal Exploration Services Pvt Ltd in Rajasthan, expected to generate revenue from Q1 FY 2026-27.

Also Read: NBCC: shares in focus on bagging ₹775 crore DDA redevelopment projects in New Delhi

Share price movement of South West Pinnacle

On March 2, 2026, South West Pinnacle Exploration Ltd opened at ₹183.30, unchanged from its previous close of ₹183.30. The stock reached a high of ₹185.90 (1.45%) and a low of ₹177.05 (-3.48%). By 12:00 PM, it traded at ₹185.00, a 0.93% increase, with a market cap of ₹551.86 crore.

SWPE Secures ₹307 Crore Exploration Contract

South West Pinnacle Exploration Limited has signed a four-year exploration services contract with Hind Metal Exploration Services Pvt Ltd, a subsidiary of Hindustan Zinc Limited, valued at approximately ₹307 crore including GST.

The contract is the largest single order received by SWPE for exploration services in Rajasthan. Mobilisation of rigs, manpower, and other resources will be completed within 45 days before operations commence.

SWPE will construct approach roads and conduct operations as per mining engineering standards. HMESPL will provide environmental and other clearances. The project is expected to generate revenue from Q1 FY 2026-27.

Stock performance of South West Pinnacle for period of 1 week, 6 months, and 1 year

Over the past week, the stock declined 5.66%. In the last six months, it gained 27.2%, while over one year, it recorded a 66.2% increase.

Also Read: MSTC: shares zoom 4% on winning Coal India tender as lowest bidder for NRS auctions

Shareholding pattern of South West Pinnacle

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	68.90%	68.90%	68.90%
FII	0.30%	0.10%	0.10%
DII	0.00%	0.00%	0.00%
Public	30.90%	31.10%	31.00%

About South West Pinnacle

South West Pinnacle Exploration Ltd (NSE: SOUTHWEST), incorporated in 2006, specializes in drilling and exploration of coal, minerals, and coal-bed methane across India.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs