Seamec Limited has informed the Exchange about Bagging/Receiving of orders/contracts
SEAMECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Seamec Limited, in consortium with Supreme Hydro Pvt Ltd, has received a Notification of Award from Oil and Natural Gas Corporation (ONGC) for Operation & Maintenance (O&M) services of ONGC-owned Multi Support Vessel 'Samudra Prabha' for the 2026-2028 period. The contract is valued at approximately Rs. 329.92 crores inclusive of GST. The tenure is 698 days and will commence within 60 days from the NOA date. The award is a domestic contract in the normal course of business, with no related party interest. This represents a major order win that provides revenue visibility for nearly two years.
This is a sizeable order from a government PSU client, which strengthens Seamec's order book and provides strong revenue visibility. Positive for the stock as it reinforces the company's core marine O&M business with a repeat/known client.