South West Pinnacle

What South West Pinnacle does

South West Pinnacle Exploration Limited (SWPE), incorporated in 2006 and listed on NSE/BSE, is an integrated exploration and drilling services company headquartered in Gurugram, India. The company provides a 14-service-line portfolio spanning coal and mineral drilling (core, RC, DTH, large diameter, wireline, directional), Coal Bed Methane (CBM) exploration and production, 2D/3D land seismic data acquisition, geological and geophysical services (resistivity, magnetic, geophysical logging), aquifer mapping, workover rig services, and underground drilling. Its core technology stack comprises a fleet of 35 state-of-the-art drilling rigs with 600–2800m depth capacity, three CBM production rigs at 2500m, three geophysical logging units, Sercel 508 XT recording instruments and Sercel Nomad 65 Vibrators, a SCHRAMM TXD top-drive rig for shale/CBM/oil & gas, and Minex Software for 3D resource modelling. SWPE is the leading CBM exploratory drilling service provider in India with 60+ core wells completed and has drilled 162 CBM production wells up to 1200m for Reliance Industries.

The company's business model is project-based professional services and managed services delivered through an enterprise field sales motion. Revenue is recognized on project completion milestones under multi-year contracts secured via direct negotiation or competitive tenders with large mining companies, energy corporations, and government agencies. Customers include Reliance Industries, Hindustan Zinc (Vedanta), Coal India subsidiaries (CMPDI), Oil India, Rio Tinto, Hindalco, GSI, and Atomic Minerals Directorate. The company also generates asset-based revenue through its Jogeshwar and Khas Jogeshwar coal block in Jharkhand (84.03 million tonnes of estimated reserves) and through a JV (Alara Resources LLC) operating a copper/gold mining concession of ~63 million tonnes in Oman valued at approximately USD 125 million over 11 years.

SWPE holds ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, NABET, QCI AEA, and IADC certifications, and is an accredited coal prospecting agency notified by the Ministry of Coal. With a 600+ workforce, a zero-LTI safety record across 26+ lakh meters drilled, and a record ₹243 crore FY25-26 revenue (34.8% YoY growth) followed by 53% Q1 FY27 revenue growth and a record ₹761 crore order book as of Q1 FY27, the company is in a clear scale-up phase anchored by blue-chip enterprise clients.

Name

South West Pinnacle

Legal name

South West Pinnacle Exploration Limited

Website

https://southwestpinnacle.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

501–1,000 employees

Short description

South West Pinnacle Exploration Limited is an India-based integrated exploration and drilling services company providing coal, mineral, CBM, seismic, and aquifer services to mining and energy enterprises and government agencies across India and Oman.

Ownership category

akta.pro rank

Product category

Mining Exploration and Drilling Services

NAICS

Support Activities for Oil and Gas Operations (213112), Drilling Oil and Gas Wells (213111), Geophysical Surveying and Mapping Services (541360), Support Activities for Mining (213)

SIC

Oil & Gas Field Exploration Services (1382), Drilling Oil & Gas Wells (1381), Bituminous Coal & Lignite Surface Mining (1221)

akta.pro primary industry

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

akta.pro secondary industries

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK), Unconventional Resources Development (Shale/Tight, CBM) (EUALAAAH)

Keywords

• Mineral exploration services
• Coal bed methane drilling
• Seismic data acquisition
• Mining drilling services
• Aquifer mapping services

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Exploration and Drilling Services: Project-based contracts for mineral and coal exploration drilling services including core drilling, RC drilling, DTH drilling, and large diameter drilling. Revenue recognition based on project completion milestones and contractual terms.
2. CBM Production Services: Coal Bed Methane production services including drilling boreholes and pumping operations for de-pressurizing coal seams. Extended contract with Reliance Industries worth ₹166.82 crore.
3. Seismic Data Acquisition and Processing: Land 2D/3D seismic data acquisition and processing services for oil and gas exploration. Currently executing 3D seismic contract for Oil India Limited.
4. Coal Mining Operations: Commercial coal mining from Jogeshwar and Khas Jogeshwar coal block in Jharkhand. Estimated coal reserves of 84.03 million tons.
5. Copper Mining (Oman JV): Long-term mining contract through JV with Alara Resources LLC for copper and gold mining of approximately 63 million tons in Oman over 11 years, valued at approximately Rs. 125 million USD.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

South West Pinnacle Exploration Limited is a publicly listed Indian exploration and drilling services company that delivers integrated mineral, coal, and energy resource services including core, RC, DTH, large diameter, wireline, and directional drilling, coal bed methane exploration and production, 2D/3D land seismic data acquisition, geological and geophysical services, and aquifer mapping. The company operates a fleet of 35 state-of-the-art drilling rigs, a 600+ workforce, and commercial mining operations at the Jogeshwar coal block in India and a copper mining JV in Oman.

Product overview

South West Pinnacle Exploration Limited (SWPE) is a specialized exploration and drilling services company offering an integrated portfolio of 14 distinct service lines spanning the entire mineral and energy resource lifecycle. The core service cluster encompasses Coal & Mineral Drilling Services (including Core, RC, DTH, LD, Wireline, and Directional Drilling), CBM Exploration and Production Services, Geological & Geophysical Services, 2D/3D Seismic Exploration, and Aquifer Mapping. The company has expanded into Mining Operations with two distinct offerings: Coal Mining via the Jogeshwar & Khas Jogeshwar Coal Block in Jharkhand and Copper Mining through its Alara Resources LLC JV in Oman. Supporting services include Underground Drilling, Workover Rig Services, and a dedicated Equipment Fleet & Resources division managing 35 drilling rigs, geophysical logging units, and specialized equipment including SCHRAMM Land Rig. A Manpower & Technical Expertise team of 600+ personnel and a Warehouse & Maintenance infrastructure across central India support field operations. All services are delivered under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.

Differentiator

Problem solved

Functional benefit

Products and services

• Aquifer Mapping Services Multi-disciplinary scientific approach for aquifer characterization, involving remote sensing, hydrogeology, geophysics, hydrochemistry, drilling, groundwater modelling, and management for identifying and mapping aquifers across India, for government agencies, public sector undertakings, and infrastructure clients.
• CBM Exploration Services Coal Bed Methane exploratory wireline core drilling services capable of drilling up to 2000m depth, with SWPE as the leading CBM exploratory drilling service provider in India having completed more than 60 CBM core wells, for oil and gas companies and CBM operators.
• CBM Production Services Coal Bed Methane production drilling involving borehole drilling, water pumping, and de-pressurisation of coal seams to release methane gas for power generation, with SWPE having drilled 162 CBM production wells up to 1200m depth for Reliance Industries Ltd.
• Coal & Mineral Drilling Services

Quantifiable outcome

• 53% revenue growth to ₹61.7 crore in Q1 FY27 with PAT up 287%
• +4 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Reliance Industries LimitedcoreStrategic or Co-development Partner · 7 July 2026Extended CBM production contract worth ₹166.82 crore for multi-lateral hole drilling in Madhya Pradesh. Execution spans approximately 15 months with provision for further extension. All required machines, equipment, and trained manpower already deployed. Provides revenue visibility for next 2-3 years.
• Central Mine Planning and Design Institute Ltd (CMPDI)minorStrategic or Co-development Partner · 7 July 2026Coal India subsidiary awarded SWPE a Letter of Award for coal exploration services in Jharkhand valued at ₹5.89 crore with 180-day completion timeline. Multiple historical contracts for detailed coal exploration in Jharkhand and Chhattisgarh.
• Oil India LimitedcoreStrategic or Co-development Partner · 4 June 2026SWPE was empanelled by Oil India to provide 2D/3D seismic data acquisition services across OIL's onshore acreages in India for three years. Enables participation in bidding opportunities and tenders for seismic data acquisition services. Currently executing 3D seismic contract for 516 sq km at South Baghewala area in Rajasthan.
• Hind Metal Exploration Services Private Limited (Hindustan Zinc)coreStrategic or Co-development Partner · 28 February 2026Wholly owned subsidiary of Hindustan Zinc (Vedanta Group) awarded South West Pinnacle a ₹307 crore four-year exploration services contract for mineral exploration, drilling, and aquifer mapping in Rajasthan. This is the single largest order in SWPE's history, raising order book to approximately ₹700 crore.
• Alara Resources LLC (Oman)coreStrategic or Co-development Partner · 20 August 2021Joint venture partnership for drilling and mining operations in Oman. The JV company Al Hadeetha Mining LLC signed a concession agreement for Exploration & Mining of Block 22B in IZKI Town of Oman. Also signed long-term mining contract for copper and gold mining of approx. 63 million tons over 11 years. South West Pinnacle acquired 35% stake in 2018 and expanded operations through this JV.

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Alphageo (India) Limited: Indian publicly listed provider of seismic data acquisition, processing, and interpretation services for oil, gas, and mineral exploration. Directly comparable to SWPE's seismic and geoscience offerings, competing for similar PSU and enterprise exploration contracts in India.
• Geomysore Services India Pvt Ltd: Indian drilling and exploration services company focused on mineral exploration for gold, base metals, and other minerals. Competes directly with SWPE in the Indian mineral exploration drilling market with similar rig fleets and customer types.
• Boart Longyear: Global provider of drilling services, equipment, and performance tooling for the mining industry. Directly comparable to SWPE's core mineral exploration drilling services, with similar offerings in core drilling, RC drilling, and directional drilling for mineral exploration.
• Major Drilling Group International: Global leader in mineral exploration drilling services offering surface and underground core drilling, RC drilling, and related services. Directly comparable to SWPE's mineral exploration drilling business model and target customer base of mining companies.
• Foraco International SA: Global drilling services company specializing in mineral exploration, geotechnical, and environmental drilling. Directly comparable to SWPE in terms of drilling service offering and target mining/energy clients, though more diversified geographically.
• Capital Limited (formerly Capital Drilling): Global drilling services and mining solutions provider offering exploration drilling, grade control, blast hole, and production drilling for mining clients. Comparable service portfolio to SWPE across mineral exploration drilling operations.

Broad incumbents

• Perenti Global (formerly Ausdrill): Diversified global mining services company offering exploration drilling, contract mining, and production services. Comparable to SWPE's exploration drilling while operating at significantly larger scale with broader mining services portfolio.
• Weatherford International: Global oilfield services company providing drilling, evaluation, and production services for oil and gas operators. Comparable to SWPE's oil & gas exploration drilling and CBM production drilling operations, though operating at much larger scale across global markets.
• SLB (Schlumberger): Global oilfield services leader offering drilling, evaluation, completions, and production services. Comparable to SWPE's oil & gas exploration drilling and seismic services, though at vastly larger scale with comprehensive energy services portfolio.
• Halliburton: Global oilfield services company providing drilling, evaluation, completions, and production solutions. Comparable to SWPE's oil & gas drilling and CBM-related services, though operating as a global incumbent rather than regional specialist.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/South-West-Pinnacle-Exploration-PL-472339569583747
• LinkedInlinkedin.com/company/south-west-pinnacle-exploration-p-l

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about South West Pinnacle