India's South West Pinnacle Exploration jumps on extending contract with Reliance Industries

South West Pinnacle Exploration

01/01/2025 04:26

** South West Pinnacle Exploration  SWPI.NS  jumps 5.3% to
158.28 rupees
    ** Mineral and energy exploration services provider gets a
contract extension from Reliance Industries  RELI.NS  for coal
bed methane drilling
    ** Says extension worth 1.58 bln rupees ($18.4 mln)
    ** Adds co will deploy new rig, more workforce for extended
ops
    ** SWPI fell 11.4% in 2024

($1 = 85.6725 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))