Seamec Limited has informed the Exchange about Bagging of contracts for Charter Hire of Vessel "SEAMEC III" from GRIL for deploying in subsea installation and Diving works of ONGC
SEAMECLTD · price
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Awaiting price reaction for this filing.
Seamec Limited has secured a charter hire contract for its vessel 'SEAMEC III' from GRIL. The vessel will be deployed for subsea installation and diving works for ONGC (Oil and Natural Gas Corporation), a public sector undertaking. This adds to the company's order book in the offshore support services segment. The exact contract value and duration have not been disclosed in this filing. Seamec operates in the offshore oil and gas services space, and this contract provides revenue visibility for the vessel.
Positive for the company as it strengthens order book visibility for SEAMEC III and reinforces business ties with ONGC, a key PSU client. Without contract value details, the financial impact on earnings remains uncertain.