Announced Thu, 23 Jul · 16:28 IST
Seamec signs USD 9.42 million diving agreement with HAL Offshore for ONGC vessel
Business Updates View source PDF
SEAMECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹1401.00
prior close
₹1410.00
base price
After-mkt
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-0.9-1.2-1.4-2.1+0.6—————————
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AI summary
Seamec Limited has signed a Diving Agreement with HAL Offshore Limited (its promoter holding 70.77 percent stake) for providing diving subsea services on the ONGC vessel SAMUDRA PRABHA, which Seamec manages. The contract is worth about USD 9.42 million, exclusive of GST. The deal is a related party transaction carried out at arm's length. This filing also corrects a previous submission where the word Agreement was wrongly struck off.
Likely market impact
Material related-party contract worth about USD 9.42 million for subsea services on ONGC vessel, supporting revenue visibility.