SEAMEC bags USD 55 million charter contract for vessel SEAMEC ANANT with HAL Offshore for ONGC

Order above 5% of revenueBusiness Updates View source PDF Explain this filing

SEAMECLTD · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.3%Reaction day

₹1570.00

prior close

₹1580.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+1.3% vs market

Shipping peers, median of 9sector-0.6%+1.0% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.0 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

+1.8

10m

+0.3

15m

+0.6

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3-1.0+1.3-0.6+1.0

Next day

-1.3-3.3+2.0-4.5+3.3

+0.3-2.9+3.3-3.9+4.2

+1.3-1.3+2.5-5.3+6.5

+1.0-1.2+2.1-6.4+7.4

+3.1-0.5+3.7-4.2+7.3

—————

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Shipping peers, median of 9Pending

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

AI summary

SEAMEC has signed a charter hire agreement with HAL Offshore Limited (its promoter holding 70.77 percent) for vessel SEAMEC ANANT to be deployed on ONGC inspection, maintenance and repair jobs. The contract runs for about 1225 days (around 3.4 years) with a total value of approximately USD 55 million, exclusive of GST. It is a related party transaction executed at arms length terms in the normal course of business.

Likely market impact

Multi-year USD 55 million contract gives strong revenue visibility for about 3.4 years; related party nature with promoter warrants a look at arm length terms.