Seamec bags USD 16.72M vessel charter subcontract for ONGC projects

Order Above 5pct RevenueGovt Defence OrderBusiness Updates View source PDF Explain this filing

SEAMECLTD · price

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Price reactionminutes from the announcement price · days from the prior close

+3.9%Reaction day

₹1010.00

prior close

₹1034.05

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+3.5% vs market

Shipping peers, median of 8sector-0.5%+4.4% vs sector

On the reaction day the stock moved 3.5 pts more than Nifty Microcap 250 and 4.4 pts more than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+0.6

15m

+0.9

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.9+0.4+3.5-0.5+4.4

Next day

+1.5+0.7+0.8+0.3+1.2

+1.5+1.2+0.3-0.4+1.9

-3.1+0.6-3.6-0.1-2.9

-1.0-0.3-0.6+0.3-1.3

-0.1-0.7+0.5-1.7+1.6

+2.8+2.0+0.9-2.6+5.4

15d

+8.4+2.7+5.7+0.2+8.2

+4.3-2.3+6.6-5.9+10.2

+33.4+0.6+32.8+6.7+26.7

+30.9-8.3+39.2-10.8+41.7

UpDownMarket · Nifty Microcap 250Sector · Shipping peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Seamec signed a 150-day subcontract with G R Infraprojects for charter hire of its vessel SEAMEC III. Work covers subsea installation and diving for ONGC's PRP-VIII A and DSF II pipeline projects. Total contract value about USD 16.72 million (around Rs 140 crore), excluding GST. Domestic deal, in normal course of business, not a related party transaction.

Likely market impact

Material new order for Seamec giving revenue visibility for 150 days and improving vessel utilisation. Positive for the stock.