South West Pinnacle Exploration Ltd. – Company Report
1. Company Overview
South West Pinnacle Exploration Ltd. (SWPE), headquartered in Gurgaon, Haryana, is a prominent ISO-certified private-sector company offering exploration and drilling services across India and select international markets. Founded in 2006, the company has grown from modest beginnings—with just two drill rigs—into a major player in India’s mineral, energy, and water resource exploration sector.
With a robust fleet of 35+ rigs (coring, RC, and DTH), a strong HSE track record, and a skilled team including 15+ geoscientists, SWPE has successfully drilled over 26 lakh meters across diverse geographies. The company is listed on NSE and BSE, with steady growth driven by long-term government and private-sector contracts.
- Incorporated: 2006
- Headquarters: Gurgaon, Haryana, India
- Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
- Leadership: Vikas Jain (Chairman & Managing Director)
- Fleet: 35+ coring, RC, and DTH rigs (up to 2,000m)
- Employees: Growing skilled workforce, incl. 15+ geoscientists
- Market Cap (Aug 2025): Not specified; share price ~₹155
- Listed on: NSE & BSE
2. Products and Services
SWPE offers end-to-end exploration, drilling, and resource assessment services across minerals, CBM, oil & gas, and groundwater domains.
Drilling & Exploration Services:
- Core, RC, and DTH drilling for coal, minerals, CBM
- CBM production support (workover rigs, testing)
- Multi-metal exploration (copper, iron ore, atomic, base metals)
Geological & Geophysical Services:
- Geophysical logging, seismic, resistivity & magnetic surveys
- Topographic & remote sensing support
- Core analysis, core handling, and lab-based evaluation
Water & Hydrogeology:
- Aquifer mapping for government & irrigation departments
- Rainwater harvesting, recharge, groundwater assessments
Specialty Services:
- Workover rigs, mineral ore testing, consulting for energy/mining
- End-to-end project execution including compliance & safety
Clientele:
- Government agencies (e.g., CMPDI, Oil India Ltd., Odisha Lift Irrigation)
- Corporates (e.g., Reliance Industries, Vedanta FACOR, Hindustan Copper)
- Global (Alara JV in Oman for Minerals Development Oman)
3. Recent News and Developments
July 2, 2025:
- Central Mine Planning and Design Institute Ltd: Secured a ₹9.36 crore is for coal exploration services in Odisha.
June 27, 2025:
- JSW Energy (Utkal) Limited: Awarded a ₹15.26 crore for work in Odisha, with revenue expected in fiscal year 2026.
- Central Mine Planning and Design Institute Ltd: Awarded a ₹1.67 crore for services in Madhya Pradesh & Chhattisgarh.
June 27, 2025:
- International JV Contract Win: SWPE’s Oman JV (Alara Resources LLC) secured a ₹30 crore diamond drilling contract (40,000 meters) from Minerals Development Oman, covering copper, gold, and chromite exploration in Blocks 12B & 13.
June 4, 2024:
- Vedanta FACOR Contract: LOI for chromite and manganese drilling at Odisha mines; ₹8.48 crore value; 5-month duration.
September 6, 2024:
- CMPDI Work Order: Coal exploration in Madhya Pradesh for ₹10.01 crore; 360-day timeline.
February 12, 2025:
- Odisha Lift Irrigation Corp: Solar-based deep borewell installation project; ₹10.11 crore.
January 1, 2025:
- Reliance Industries Ltd (RIL) Contract Extension: Large-scale CBM production drilling in Madhya Pradesh. Total contract value: ₹158+ crore, extendable in three 6-month phases.
December 19, 2024:
- Oil India Ltd (OIL) Award: PST-based oil & gas exploration in Northeast India; contract worth ₹60 crore.
November 22, 2023:
- Hindustan Copper Ltd. Order: Awarded a ₹38 crore surface diamond drilling contract in Rajasthan.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Revenue | ₹184 crore |
| Net Profit (PAT) | ₹14.8 crore |
| Operating Profit Margin | 19% |
| Net Profit Margin | 8% |
| EPS | ₹4.97 |
| Dividend Yield | 0.55% |