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The latest announcement is out from SEAMEC Limited ( (IN:SEAMECLTD) ).
Seamec Limited has secured a significant domestic contract as part of a consortium with Supreme Hydro Pvt. Ltd. from Oil and Natural Gas Corporation Limited to provide operation and maintenance services for ONGC’s multi-support vessel Samudra Prabha for the 2026–2028 period. The award, valued at about Rs 329.92 crore including GST, covers a 698-day tenure that will begin within 60 days of the notification of award, bolstering Seamec’s order book and reinforcing its positioning as a key offshore services provider to India’s state-owned energy sector.
The contract is classified as a normal course of business engagement, involves no related-party elements, and underscores continued demand for specialized marine support in the country’s offshore oil and gas operations. For Seamec and its consortium partner, the mandate provides multi-year revenue visibility and operational deployment for a key MSV asset, while signalling sustained capital and maintenance spending by ONGC in its offshore fleet and subsea infrastructure.
More about SEAMEC Limited
Seamec Limited is an Indian marine services company that operates in the offshore oil and gas sector, providing marine support, subsea engineering, and vessel-based services. The company focuses on servicing domestic energy majors and works with specialized vessels such as multi-support vessels (MSVs) to support offshore exploration, production, and maintenance activities.
Average Trading Volume: 2,357
Technical Sentiment Signal: Buy
Current Market Cap: 36.1B INR
See more data about SEAMECLTD stock on TipRanks’ Stock Analysis page.