Announced Wed, 30 Sept, 2026 · 08:55 IST
SEAMEC wins USD 19M charter for ONGC subsea project via G R Infraprojects
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
-2.9%1-day move
₹1645.10
prior close
₹1685.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.9-3.1-3.3-4.0-2.9-4.3-3.4-2.7-5.3—————
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AI summary
SEAMEC has signed a Bimco Charter Party with G R Infraprojects Limited to hire its vessel SEAMEC II for subsea installation work on ONGC's PRP-8A and DSF 2 pipeline replacement projects. The contract is worth about USD 19.02 million (around Rs 158 crore) excluding GST, runs for 180 days with extension option, and is set to begin between 15 October and 31 October 2026. The deal is not a related party transaction.
Likely market impact
Positive: adds a sizable ONGC-backed order, secures vessel deployment for 180 days with possible extension, boosting near-term revenue visibility.