South West Pinnacle Exploration Limited (SWPE), an integrated provider of drilling and exploration services for natural resources, has secured a long-term exploration services contract valued at more than ₹307 crore from Hind Metal Exploration Pvt Ltd, a wholly owned subsidiary of Hindustan Zinc Ltd. The contract involves providing exploration services in the state of Rajasthan and represents the largest single order in the company’s history. Following the award, SWPE’s total order book has reached approximately ₹700 crore, strengthening the company’s medium- and long-term growth outlook.
SWPE has previously executed several exploration projects for the Hindustan Zinc group and is currently working on two additional assignments for the client in Maharashtra and Chhattisgarh. The latest contract further reinforces the long-standing professional relationship between the organizations and highlights the client’s continued confidence in SWPE’s technical capabilities.
Vikas Jain, Chairman and Managing Director of South West Pinnacle Exploration Limited, described the agreement as a major milestone for the company. He said the contract will significantly contribute to revenue growth while supporting the company’s expansion strategy in the exploration and mining services sector.
Mr Jain also emphasized the importance of maintaining strong partnerships with clients and expressed confidence that the project will further strengthen the relationship between SWPE and Hind Metal Exploration.
Piyush Jain, Joint Managing Director of the company, said the project is expected to begin generating additional revenue starting in the first quarter of the financial year 2027. Drawing on the company’s previous experience with similar projects, he expressed confidence that the contract will be executed successfully and within the planned timeline.
South West Pinnacle Exploration Limited provides end-to-end drilling and exploration services for a range of natural resources, including coal, ferrous and non-ferrous minerals, atomic minerals, oil and gas and groundwater resources. The company also conducts exploration using advanced technologies such as surface geophysical investigations, downhole geophysics, two-dimensional and three-dimensional seismic surveys and passive seismic tomography.
In addition to its exploration services, SWPE has been allocated a coal block in Jharkhand covering 266 hectares with geological reserves estimated at more than 84 million tonnes. The company has signed a Coal Mine Development and Production Agreement with the Ministry of Coal, Government of India, and exploration activities for the block are currently underway.
Over the past 19 years, SWPE has completed more than 160 projects for major government and private organizations. The company currently operates 20 projects across India and participates in two joint ventures in Oman focused on mining, exploration and drilling services
