South West Pinnacle Exploration has secured a long-term exploration services contract valued at over ₹307 crore from Hind Metal Exploration, a subsidiary of Hindustan Zinc. This significant contract will see the company providing exploration services in Rajasthan, bolstering its order book to ₹700 crore.
The contract with Hind Metal Exploration is the largest in South West Pinnacle’s history and is expected to significantly enhance the company’s revenue. The contract is set to begin generating additional revenue from the first quarter of FY27. Vikas Jain, Chairman and Managing Director, expressed optimism about the partnership, stating that it would pave the way for accelerated growth.
South West Pinnacle has a strong track record with Hindustan Zinc, having completed multiple projects and currently working on two more in Maharashtra and Chhattisgarh. The company also has ongoing projects in Oman and has been allocated a coal block in Jharkhand. With over 160 completed projects, South West Pinnacle continues to expand its footprint in the exploration and drilling sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by News Desk before publication.