South West Pinnacle Exploration Limited — Updates, 01-01-2025: Press Release

South West Pinnacle Exploration Limited has successfully secured an extension of its contract with Reliance Industries Limited for Coal Bed Methane (CBM) production, valued at over ₹158 crores. This significant extension will double current operations, involving additional rigs and manpower. The contract allows for three further extensions of six months each, which will enhance the company's order book and provide steady business in the medium to long term.

The company's overall order book has reached an all-time high, totaling ₹495 crores, bolstered by a surge of ₹309 crores in orders within the first nine months of the fiscal year. This extension is expected to generate additional revenue from the second quarter of FY 2025-26. With all operational domains running simultaneously, including drilling for coal and minerals, the company is well-positioned for sustained growth. This development signals a positive outlook for investors, highlighting robust growth potential in the evolving energy sector.