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South West Pinnacle Exploration receives extension in contract from Reliance Industries
Contract value extended by Rs 166.82 cr
South West Pinnacle gains after bagging Rs 167-cr RIL contract
South West Pinnacle Exploration rose 2.80% to Rs 225.86 after the company secured a work order worth approximately Rs 166.82 crore from Reliance Industries (RIL) for providing Coal Bed Methane (CBM) production services in Madhya Pradesh.
RIL expands CBM production contract worth Rs 163 crore with SWPE
Reliance Industries Limited has extended its Coal Bed Methane production contract with South West Pinnacle Exploration. This awarded work is expected to generate revenue from the second quarter of FY 2026-27. South West Pinnacle Exploration also received a separate contract from CMPDI for exploration services. This pact valued at Rs 5.89 crore will strengthen SWPE's order book. The exploration work is scheduled for completion within 180 days.
Five Stocks To Buy: ONGC, NTPC Green, Biocon And More | May 14, 2026
Top picks include bullish setups in ONGC, NTPC Green Energy, South West Pinnacle, Amber Enterprises, and Biocon.
West Asia war has a crude lesson for Indian economy: Cut the oil imports
The West Asia conflict has exposed India's vulnerability to energy shocks, prompting calls to reduce crude oil imports and boost energy security. An RBI MPC member stressed the need for increased domestic exploration and a faster transition to alternative energy sources to sustain economic growth amidst rising import bills and inflation.
These stocks may rip if the Iran conflict is resolved, UBS says
UBS says Southwest, Procter and Gamble and UPS could gain if the US Iran ceasefire becomes lasting peace, while defence and energy firms like Lockheed and Exxon may lose.
Global oil markets on edge as West Asia unrest triggers new energy shockwave
Crude oil prices have surged to near one-year highs as escalating conflict in West Asia threatens key supply routes, particularly the Strait of Hormuz. Rising geopolitical risks, refinery disruptions and tanker delays are pushing prices higher, raising inflation concerns and creating economic vulnerabilities for major Asian importers, including India, China, Japan and South Korea.
Buzzing Stocks: Titan up 2% on healthy business growth; Kalyan Jewellers sheds 7%
Titan gained on strong Q1 growth, South West Pinnacle Exploration rose after securing a Rs 167 crore Reliance contract.