South West Pinnacle Exploration Limited (SWPE), a leading integrated drilling and exploration services company, has received an extension of its Coal Bed Methane (CBM) production drilling contract from Reliance Industries Limited (RIL). The contract, valued at over Rs166.82 crore, covers multi-lateral production hole drilling for CBM projects in Madhya Pradesh and has an estimated execution period of 15 months, with an option for further extension.
The latest contract reinforces SWPE’s long-standing association with Reliance Industries in the CBM segment. Having successfully completed two earlier projects and currently executing CBM production services for RIL, the company continues to strengthen its position in the non-conventional oil and gas sector.
The new order has significantly enhanced SWPE’s order book, which now exceeds Rs. 760 crore, providing strong revenue visibility and operational continuity over the next two to three years. The contract will be executed using existing resources, eliminating the need for additional capital deployment and enabling uninterrupted project execution.
Commenting on the development, Vikas Jain, Chairman and Managing Director, South West Pinnacle Exploration Limited, said, “The extension of this contract by Reliance Industries reflects the confidence placed in our technical capabilities and execution standards. It is a significant milestone for the company as it strengthens our order pipeline while allowing us to utilise our existing assets efficiently. The enlarged order book provides a solid foundation for sustained growth and supports our long-term business strategy. Coal Bed Methane is an important alternative energy resource that contributes to India’s energy security and supports the vision of an Atmanirbhar Bharat.”
Piyush Jain, Joint Managing Director, added, “The extension ensures seamless continuation of ongoing operations without any disruption arising from mobilisation of equipment or manpower. This will enable the project to generate revenue from the second quarter of FY2026-27 while maintaining operational efficiency. We are grateful to our team and all stakeholders whose commitment has made this achievement possible.”
South West Pinnacle Exploration Limited provides end-to-end exploration and drilling services across coal, minerals, conventional and non-conventional oil and gas, and groundwater investigations. The company also delivers specialised geoscientific services, including surface geophysical surveys, downhole geophysics, 2D and 3D seismic surveys, and passive seismic tomography.
With over 19 years of industry experience, SWPE has completed more than 165 projects for leading government and private sector organisations. The company currently operates 21 projects across India and has strategic joint ventures in Oman for mining, exploration and drilling activities. Its growing portfolio, technical expertise and expanding order book continue to reinforce its position as a trusted partner in the exploration and natural resources sector.
