South West Pinnacle Exploration Bags ₹22.68 Crore Orders; Shares Rise Nearly 1%

Mumbai, May 12: South West Pinnacle Exploration Ltd said it has secured three Letters of Award and work orders aggregating more than ₹22.68 crore for exploration, drilling and related support services.

The company stated that two Letters of Award were received from Odisha Lift Irrigation Corporation Ltd for installation of deep borewells linked to solar pumping systems in Odisha.

The aggregate contract value of the Odisha-based orders stands at around ₹9.68 crore, including GST. Odisha Lift Irrigation Corporation Ltd is a state public sector undertaking under the Government of Odisha, according to an exchange filing on Tuesday added.

In a separate mandate, the company also received a work order from Hindmetal Exploration Services Private Ltd for exploration, drilling and support services in Rajasthan.

The Rajasthan contract carries an estimated value of around ₹13 crore, including GST. Hindmetal Exploration Services Private Ltd is a wholly owned subsidiary of Hindustan Zinc Ltd, as per the company’s disclosure.

South West Pinnacle Exploration stated that execution of all three contracts is expected to be completed during the current financial year.

Stock Market Snapshot

South West Pinnacle Exploration share price traded in positive territory following the order announcement during Tuesday’s session.

The stock was trading at ₹223.99 as of 11:54 AM IST on May 12, 2026, up 0.97% from the previous close of ₹221.83.

The counter touched a session high of ₹227.48 and a low of ₹217.82 during the trading session, according to market data.

Investors tracked the latest contract wins as the company expanded its order book in the exploration and drilling services segment.

Company Operates Across Exploration And Drilling Segments

South West Pinnacle Exploration Ltd operates in the exploration drilling, mining support and geophysical services segment.

The company provides drilling, exploratory and allied technical services for sectors including mining, groundwater, infrastructure and energy.

Its project portfolio includes coal bed methane drilling, geological exploration, mineral drilling and allied support operations across multiple states.

New Orders Add To Revenue Visibility For Current Financial Year

The latest contracts are expected to contribute to the company’s execution pipeline during the ongoing financial year.

The mix of PSU-linked borewell projects and mineral exploration assignments reflects continued demand for drilling and support services from both government-linked and private sector clients.

Source:

• https://www.nseindia.com/get-quote/equity/SOUTHWEST/South-West-Pinnacle-Exploration-Limited
• https://nsearchives.nseindia.com/corporate/SOUTHWEST_12052026084108_Announcement11052026.pdf