Seamec Limited has informed the Exchange about Awarding of Letter of Award to M/s. Adsun Offshore Diving Contractors Pvt. Ltd.
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Seamec Limited has awarded a Letter of Award dated May 15, 2025 to M/s. Adsun Offshore Diving Contractors Pvt. Ltd for providing diving services on board its vessel SEAMEC PRINCESS. The work is tied to ONGC's Pipeline Replacement Project VIII (PRP-VIII Gr. B) and Daman Upside Development Project (DUDP), covering tasks like jacket face survey, riser removal, free span correction, and bow string/clamp work. The lumpsum contract value is approximately USD 2.98 million (around ₹25 crore) exclusive of GST, to be executed across the 2024-25 and 2025-26 working seasons. This is a subcontract arrangement — Seamec is engaging Adsun to deliver diving services as part of its own vessel-based obligations to ONGC. There is no promoter or related-party interest involved.
This filing represents Seamec subcontracting a portion of its ONGC project work, not a new order win for the company. Investors should view it as an operational update confirming continuity of existing ONGC projects rather than incremental revenue. No direct positive or negative impact on shareholders is implied from this disclosure alone.