Shares of South West Pinnacle Exploration climbed more than 4 percent in early trade on July 7 after the company secured an extension of its coal bed methane (CBM) production services contract from Reliance Industries Ltd (RIL) in Madhya Pradesh.
At 09:33am, South West Pinnacle Exploration was quoting at Rs 224.30, up Rs 5.75, or 2.63 percent, on the BSE.
The extended contract, including GST, is valued at around Rs 166.82 crore, the company said in an exchange filing.
The awarded work is expected to start fetching revenue from second quarter of FY 2026-27 itself as required machines and equipment with trained manpower and other resources are already in place there and no additional assets are needed to be deployed to execute this contract, company said.
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In the previous trading session, the share closed down 3.42 percent or Rs 7.75 at Rs 218.55.
The share touched a 52-week high of Rs 287.95 and a 52-week low of Rs 120.55 on 21 May, 2026 and 15 October, 2025, respectively. Currently, the stock is trading 22.1 percent below its 52-week high and 86.06 percent above its 52-week low.
The market capitalisation of the company stands at Rs 669.09 crore.
The share price rose more than 75 percent in the last nine months.