South West Pinnacle

South West Pinnacle Exploration has received an extension of its coal-bed methane production contract from Reliance Industries, valued at approximately ₹166.82 crore including GST. The contract, for services in Madhya Pradesh, has a tentative duration of 15 months with an option to extend by another six months. All other terms and conditions remain unchanged. The company said the required machinery, equipment, and trained manpower are already in place, so no additional capital expenditure is needed. Revenue is expected to start flowing from the second quarter of FY2027. This extension adds to the company's existing order book of ₹581 crore, further strengthening its near-term revenue pipeline.

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** Shares of India's South West Pinnacle Exploration SWPI.NS rise 1.5% to 223.01 rupees

** Co says Reliance Industries RELI.NS extended contract worth over 1.67 billion rupees ($17.52 million) for coal bed methane drilling in Madhya Pradesh

** More than 244,724 shares change hands by 11:45 a.m. IST vs 30-day avg of 558,275 shares

** Stock up 15.8% YTD

(Reporting by Payel Das in Bengaluru)

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South West Pinnacle Exploration has received a Letter of Award from Central Mine Planning and Design Institute (CMPDI) for detailed coal exploration services in Jharkhand. The contract, valued at ₹5.89 crore including GST, is to be executed within 180 days and will contribute to revenue in the current financial year. The order strengthens the company’s already robust order book.

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July 6 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE - RECEIVES LETTER OF AWARD FROM CMPDI FOR COAL EXPLORATION IN JHARKHAND

• SOUTH WEST PINNACLE EXPLORATION - CONTRACT VALUE ABOUT 58.9 MILLION RUPEES

Source text: ID:nBSE9G56L9

Further company coverage: SWPI.NS

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South West Pinnacle Exploration’s board will meet on July 10, 2026, to consider allotting 2,821,411 equity shares upon conversion of fully convertible warrants. The warrants were issued earlier to promoter and non-promoter allottees on a preferential basis, with the conversion now triggered by the warrant holders paying the remaining 75% of the issue price. Of the total shares, 2,269,288 will go to promoters and 552,123 to non-promoters, potentially increasing the company’s outstanding equity by about 9%.

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Promoters of South West Pinnacle Exploration sold 1.17 million shares, or 3.91% of paid-up equity, through open-market transactions on June 22 and 23, 2026. The sale by Vikas Jain and Piyush Jain reduced the total promoter and promoter group voting stake to 64.94% from 68.85%, and the diluted holding to 66.28% from 69.85%. The disclosure was filed under SEBI's takeover regulations.

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June 4 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION - AWARDED TWO WORK ORDERS TOTALING OVER 151.7 MILLION RUPEES

• SOUTH WEST PINNACLE EXPLORATION - RECEIVES ANOTHER WORK ORDER FOR DIAMOND CORE DRILLING VALUED AT 63.6 MILLION RUPEES

Source text: ID:nBSEDKhQF

Further company coverage: SWPI.NS

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May 12 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION LTD - AWARDED THREE CONTRACTS VALUED OVER 226.8 MILLION RUPEES

Source text: ID:nBSE6lbx7p

Further company coverage: SWPI.NS

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March 9 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION LTD - SIGNS LONG TERM EXPLORATION SERVICES CONTRACT VALUED OVER 3.07 BILLION RUPEES

• SOUTH WEST PINNACLE EXPLORATION- SIGNS LONG TERM EXPLORATION SERVICES CONTRACT FROM HIND METAL EXPLORATION

Source text: ID:nBSE4Ht4jg

Further company coverage: SWPI.NS

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Dec 1 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION- WINS COAL BLOCK IN JHARKHAND WITH 84 MILLION TONS RESERVES

Source text: ID:nBSE7KvkCB

Further company coverage: SWPI.NS

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Oct 13 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• GETS WORK ORDERS VALUED AT ABOUT 169.3 MILLION RUPEES

Source text: ID:nNSE9Btbrl

Further company coverage: SWPI.NS

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Feb 12 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• GETS LETTER OF INTIMATION FROM ODISHA LIFT IRRIGATION CORPORATION

• GETS LOI WORTH 101.1 MILLION RUPEES

Source text: [ID:]

Further company coverage: SWPI.NS

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Jan 24 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• INCORPORATES WHOLLY OWNED SUBSIDIARY SOUTH WEST GEO SERVICES

Source text: ID:nBSE545G89

Further company coverage: SWPI.NS

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Jan 17 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION - GETS 2 LETTERS OF INTIMATION FROM ODISHA LIFT IRRIGATION CORP

• SOUTH WEST PINNACLE EXPLORATION - TOTAL VALUE OF BOTH LETTERS OF INTIMATION AT 108.6 MILLION RUPEES

Source text: [ID:]

Further company coverage: SWPI.NS

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** South West Pinnacle Exploration SWPI.NS jumps 5.3% to 158.28 rupees

** Mineral and energy exploration services provider gets a contract extension from Reliance Industries RELI.NS for coal bed methane drilling

** Says extension worth 1.58 bln rupees ($18.4 mln)

** Adds co will deploy new rig, more workforce for extended ops

** SWPI fell 11.4% in 2024

($1 = 85.6725 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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** South West Pinnacle Exploration SWPI.NS jumps 9.5% to 159 rupees

** Mining support equipment maker gets letter of award for order worth 600 mln rupees ($7.1 mln) from Oil India OILI.NS for oil and gas exploration services in North Eastern India

** Stock set to gain after two straight sessions of losses

** SWPI down ~5.9% YTD

($1 = 85.0450 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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Dec 4 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• TO CONSIDER PREFERENTIAL ISSUE OF SHARES, WARRANTS

Source text: ID:nBSE2MFrBx

Further company coverage: SWPI.NS

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Nov 8 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION LTD - GETS WORK ORDERS WORTH 100.3 MILLION RUPEES

Source text: ID:nNSE53H0k6

Further company coverage: SWPI.NS

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Sept 4 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• GETS ORDER WORTH 100.1 MILLION RUPEES

Source text for Eikon: ID:nBSE3DHZN7

Further company coverage: SWPI.NS

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July 25 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• GETS ORDER WITH VALUE OF 53.6 MILLION RUPEES

Further company coverage: SWPI.NS

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June 3 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION - CO GOT LETTER OF INTENT FROM VEDANTA FACOR

• SOUTH WEST PINNACLE EXPLORATION - LOI FOR EXPLORATION ACTIVITIES AT KALARANGITTA CHROMITE MINES, JAJPUR, KATASAHI MANGANESE MINES, BARBIL IN ODISHA

• SOUTH WEST PINNACLE EXPLORATION - AGGREGATE VALUE OF CONTRACT IS ABOUT 84.9 MILLION RUPEES PLUS GST AS APPLICABLE

• SOUTH WEST PINNACLE EXPLORATION - PROJECT IS TO BE COMPLETED IN 5 MONTHS.

Source text for Eikon: ID:nBSENQN6H

Further company coverage: SWPI.NS

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** Shares of India's South West Pinnacle Exploration SWPI.NS up 3.2%

** Co gets contract worth ~548.1 mln rupees ($6.6 mln) from Central Ground Water board for instruments used to measure ground pore pressure

** Stock posted six straight weekly losses as of Friday's close

** YTD stock had fallen ~37% after a more than 43% jump in 2023

($1 = 82.9350 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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March 18 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION - GETS LETTER OF AWARD FOR CONTRACT WORTH 548.1 MILLION RUPEES

Source text for Eikon: ID:nBSE7Bl5M1

Further company coverage: SWPI.NS

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Nov 23 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• GOT WORK ORDER FROM HINDUSTAN COPPER WORTH AROUND 380 MILLION RUPEES

• WORK ORDER FOR SURFACE EXPLORATORY DIAMOND CORE DRILLING & ASSOCIATED ACTIVITIES IN RAJASTHAN

Further company coverage: SWPI.NS

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Nov 21 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• GETS WORK ORDER FROM HINDUSTAN COPPER LTD

• AGGREGATE VALUE OF WORK ORDER IS 380 MILLION RUPEES

Source text for Eikon: ID:nNSE3y7pYH

Further company coverage: HCPR.NSSWPI.NS

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Sept 4 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• RE-APPOINTS VIKAS JAIN AS CHAIRMAN, MD

• RE-APPOINTS PIYUSH JAIN AS JOINT MD

Source text for Eikon: ID:nNSE1Lbbxk

Further company coverage: SWPI.NS

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Aug 14 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• RE-APPOINTS VIKAS JAIN AS CHAIRMAN, MD

Source text for Eikon: ID:nNSEb02tGK

Further company coverage: SWPI.NS

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