Seamec Limited has informed the Exchange about Bagging/Receiving of orders/contracts
SEAMECLTD · price
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Seamec Limited has received a Notification of Award (NOA) from Oil and Natural Gas Corporation Limited (ONGC) for repair and replacement of Spider Deck Members of Platform NLM9 in the Western Offshore region. The total contract value is Rs. 39.20 crore inclusive of GST and other taxes (lumpsum). The work is to be completed within 90 days, commencing around October 16, 2025. The contract is domestic, awarded in the normal course of business, and is not a related party transaction.
This is a positive order win for Seamec, adding a Rs. 39.20 crore contract from a government-owned major client (ONGC) to its order book. Successful execution within the 90-day window should contribute meaningfully to the company's revenue and profitability in the current financial year, and reinforces its position in the offshore oil & gas services segment.