Seamec bags ₹28.85 crore contract from Larsen & Toubro for 'SEAMEC GLORIOUS' barge
Seamec Limited secured a ₹28.85 crore contract from Larsen & Toubro for chartering its barge "SEAMEC GLORIOUS" for 150 days for offshore accommodation and hook-up work for ONGC projects.
The contract is substantial in value (₹28.85 crore) and duration (150 days with extension option), ensuring asset utilization and revenue generation for Seamec Limited. It represents a positive business development, but its overall impact on the company's financials depends on its scale relative to total revenues.
The company has secured a significant contract worth ₹28.85 crore, which is expected to generate revenue and utilize its assets, indicating positive business development.
Seamec Limited announced on October 15, 2025, that it has secured a Bimco Charter Party agreement with M/s. Larsen & Toubro Limited. The contract involves the charter hire of Seamec's barge “SEAMEC GLORIOUS” for: Working in Mumbai High & West Coast Offshore. Carrying out jobs related to offshore accommodation and hook-up work barge. Providing support for a project of Oil and Natural Gas Corporation Limited (ONGC).
The key details of the contract are: * The firm period of the charter is for 150 days, with an option for extension. * The charter is scheduled to commence within a window period from October 1, 2025, to October 30, 2025. * The total value of the contract is ₹28,85,62,500, exclusive of GST. * The transaction is in the normal course of business and is not a related party transaction.
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Seamec Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Seamec Limited. Read the original for the full detail.