NSEPress Release7 Jul 2026 · 7 Jul 2026, 09:51 am
Press Release
South West Pinnacle Exploration Limited · SOUTHWEST
✦ AI Summary▲ PositiveOrder Win
South West Pinnacle Exploration Limited has been awarded an extension of its contract with Reliance Industries Limited for CBM production, valued at over Rs. 166.82 Crore, with a tentative duration of 15 months and an option for further extension.
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Growth Catalyst9/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment9/10
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Full Announcement
South West Pinnacle Exploration Limited has informed the Exchange regarding a press release dated July 07, 2026, titled "Extension of CBM Production Contract fromReliance Industries Limited valuingover Rs. 166.82 Crore".
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South West Pinnacle Exploration Ltd
(Formerly known as South West Pinnacle Exploration Pvt Ltd)
CIN NO.: L13203HR2006PLC049480
Regd & Corp Office:
Ground Floor, Plot No.15,
Sector-44, Gurgaon 122003, Haryana, India.
T: +91 124 4235400, 4235401
ISO 9001: 2015 Certified Company F: +91 124 4235402
E: info@southwestpinnacle.com
W: www.southwestpinnacle.com
Date: 07.07.2026
To, To,
Listing Department Listing Department
National Stock Exchange of India Ltd. Bombay Stock Exchange Limited
Exchange Plaza, Phiroze Jeejeebhoy Towers,
5th Floor, Plot No. C/1, G Block, Dalal Street, Mumbai-400001
Bandra- Kurla Complex Script Code: 543986
Mumbai 400051
SYMBOL: SOUTHWEST
Subject: Press Release
Dear Sir/Madam,
Please find enclosed herewith a copy of press release being issued by the company titled as “Extension of CBM
Production Contract from Reliance Industries Limited valuing over Rs. 166.82 Crore.”
This is for your information and record.
Thanking You,
For South West Pinnacle Exploration Limited
Vaishali
Company Secretary & Compliance Officer
Investor Release
Extension of CBM Production Contract from
Reliance Industries Limited valuing
over Rs. 166.82 Crore
Haryana, July 7, 2026 – South West Pinnacle Exploration Limited (SWPE), an integrated end-to-end
Drilling & Exploration service provider across all natural resources, has recently been awarded extension
of Contract for CBM production from Reliance Industries Ltd (RIL), with tentative estimated duration of
15 months for production of Multi-Lateral hole drilling for Coal Bed Methane (CBM) in the
State of Madhya Pradesh valuing over Rs. 166.82 Crores.
The present extension has potential for further extension, therefore total contract value has
potential to go up even further.
SWPE has successfully completed two projects of RIL in the same domain in the past and is
successfully providing CBM Production services under this contract . With the present order win,
our order book has made quantum jump surpassing Rs 760 Crore thus giving assured growth
visibility over next two to three years.
Commenting on this development, Mr. Vikas Jain, Chairman & Managing Director said,
“I am pleased to announce about the extension of contract done by Reliance Industries Ltd.
(RIL) for production hole drilling for CBM, valuing over Rs, 166 Crore with 15 months tentative
duration and an option of further extension of six months. Bagging such a large contract from
a prestigious client is very significant achievement. The best part is that no additional assets
are needed to be deployed for execution of contract “, Mr Jain elaborated. “ With this, the
order book will touch a newer height crossing Rs.760 Crore mark , giving clear visibility to our
medium to long term goals”, Mr Jain explained. “CBM production is a non-conventional Oil and
Gas source of energy and a step towards Atma Nirbhar Bharat to cater our energy needs” he
added.
Mr. Piyush Jain, the Jt. Managing director, who was deeply involved into negotiation and
finalization of the contract extension, expressed his confidence for successful implementation
of the contract and added that” the contract extension shall help in continuing the present
operations without a single day loss of operation on account of mobilization of resources etc.
and will start fetching revenue for the company from the second quarter of FY 2026-27 itself,”
. He thanked the entire team of SWPE for their dedication and hard work, and also other
stakeholders involved in the project .
South West Pinnacle Exploration Limited
Investor Release
About South West Pinnacle Exploration Limited
SWPEL is an Integrated Service Provider, providing end-to-end drilling & exploration of natural
resources viz. Coal, Ferrous, Non-Ferrous & Atomic Minerals and Conventional & non-
conventional Oil & Gas and ground water investigation. SWPEL’s expertise also extends to carry
out exploration using technological tools like surface geographical investigation, downhole
geophysics, 2D/3D Seismic and Passive Seismic Tomography etc.
Company has won a coal block in the state of Jharkhand, spread across 266 Hectares, having
Geological Reserves of over 84 million tons. It has signed a Coal Mine Development and
Production Agreement with the Ministry of Coal, Government of India. The Company has
recently been notified as an accredited prospecting agency by Ministry of Coal, Government of
India for carrying out prospecting operations for the exploration of coal and Lignite. The
exploration activities have accordingly been completed recently and the GR Preparation and
other activities are being undertaken on fast track mode for early development of coal block.
Further, Company is having two JVs in Oman. The First one is imparting mining services pursuant
to a long term mining contract for Copper and Gold in Oman besides carrying out exploration
and drilling services through a joint venture, namely, Alara Resources LLC., Oman.
The second JV, formed recently has been allocated a mining block by Sultanate of Oman wherein
the exploration activities thru air borne survey are in progress.
The Company has successfully completed more than 165 projects during 19 years of journey
since inception for most of the leading Government & Private Organizations and presently
operating 21 projects on Pan India basis, in addition to JV Projects in Oman.
SWPEL has completed approximately 3.2 million meters of drilling, 6.5 Lac meter of Geo physical
logging 515 sq.km. of 3 D Seismic surveys, 411 LKM of 2 D seismic Survey for exploration of
Coal, Mineral, Oil and Gas using 48 state of art drilling rigs having varied capacities to drill up
to 2500 Meters depth and other equipment.
Safe Harbor
Statements in this document relating to future status, events, or circumstances, including but
not limited to statements about plans and objectives, the progress and results of research and
development, potential project characteristics, project potential and target dates for project
related issues are forward- looking statements based on estimates and the anticipated effects
of future events on current and developing circumstances. Such statements are subject to
numerous risks and uncertainties and are not necessarily predictive of future results. Actual
South West Pinnacle Exploration Limited
Investor Release
results may differ materially from those anticipated in the forward- looking statements. The
company assumes no obligation to update forward- looking statements to reflect actual results
changed assumptions or other factors.to update forward- looking statements to reflect actual
results changed assumptions or other factors.
Company:
South West Pinnacle Exploration Limited
CIN: L13203HR2006PLC049480
Mr. Dinesh Agarwal – CFO
dinesh.agarwal@southwestpinnacle.com
+91 124 4235402
South West Pinnacle Exploration Limited