South West Pinnacle: Stock rallies 8% after signing ₹307 Cr exploration services contractSouth West Pinnacle: Stock rallies 8% after signing ₹307 Cr exploration services contract

Introduction

Leading drilling and exploration services company secured a ₹307 crore long-term contract from Hind Metal Exploration Pvt Ltd in Rajasthan, increasing its total order book to ₹700 crore.

Share price movement of South West Pinnacle

On March 9, 2026, South West Pinnacle Exploration Ltd opened at ₹191.40, up 1.12% from its previous close of ₹189.25. The stock reached a high of ₹205.00 (7.75%) and a low of ₹182.40. By 12:19 PM, it traded at ₹197.00, a 4.10% increase, with a market cap of ₹587.65 crore.

SWPE Wins ₹307 Cr Contract

South West Pinnacle Exploration Limited secured a long term exploration services contract worth over ₹307 crore. The contract comes from Hind Metal Exploration Private Limited, subsidiary of Hindustan Zinc Limited.

The project involves providing exploration services in the state of Rajasthan. The company operates as an integrated drilling and exploration services provider across multiple natural resource sectors.

Following this contract, the company’s order book stands at about ₹700 crore. The company currently executes projects for the same group in Maharashtra and Chhattisgarh.

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

South West Pinnacle Exploration Ltd gained 4.23% over the past week. The stock rose 36.3% in the past 6 months and increased 77.6% over the past 1 year.

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%	0%	0%
Public	30.90%	31.10%	31.00%

About South West Pinnacle

South West Pinnacle Exploration Ltd (NSE: SOUTHWEST) provides drilling and exploration services for coal, minerals, and coal-bed methane, offering comprehensive solutions in mineral and unconventional energy resources.

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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.

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