South West Pinnacle Exploration Limited (SWPE), an integrated end-to-end drilling and exploration services provider across natural resources, has been awarded a long-term exploration services contract valued at over Rs 307 crore. The contract has been granted by Hind Metal Exploration Pvt Ltd, a wholly owned subsidiary of Hindustan Zinc Ltd, for projects in Rajasthan.
Following the award, the company’s total order book has increased to approximately Rs 700 crore, strengthening its medium- to long-term growth visibility.
SWPE has previously completed several projects for the group and is currently executing two additional projects in Maharashtra and Chhattisgarh. The new contract further reinforces the company’s strong client relationships and its proven capability to deliver projects as per requirements.
Commenting on the development, Chairman and Managing Director Vikas Jain said he was pleased to announce the signing of the long-term contract, which marks the largest single order in the company’s history. He noted that the project is expected to significantly boost revenues and help accelerate the company’s growth trajectory. He also expressed optimism about strengthening the partnership through successful execution of the project.
Joint Managing Director Piyush Jain expressed confidence in the timely execution of the contract, citing past experience. He described the project as a cornerstone for the company’s future growth and stated that it is expected to begin contributing additional revenue from the first quarter of FY27. He also thanked the SWPE team for their dedication and acknowledged the client’s continued support.