Seamec enters into ₹6.30 Crore Charter Party agreement with HAL Offshore
Seamec enters into a charter agreement with HAL Offshore for ₹6.30 Crore. The charter is for 45 days, extendable by 45 days, to work in ONGC's Mumbai High Offshore Oil Field.
The contract value of ₹6.30 Crore is significant and expected to have a moderate positive impact on the company's revenue.
The announcement indicates a new charter agreement, suggesting positive business development for the company.
* Seamec Limited has entered into a Bimco Charter Party with M/s. HAL Offshore Limited (HAL) on 13th October 2025. * The charter is for hire of HAL vessel “MV GOODMAN” for working in ONGC’s Mumbai High Offshore Oil Field for the NLM9 project. * The charter is for a firm period of 45 days with an option for an extension of around 45 days. * The total contract value for the firm period is ₹6,30,00,000 exclusive of GST. * The charter will commence within the window period of 16th October 2025 to 31st October 2025. * The transaction is a Related Party Transaction and on Arm’s Length and in the normal course of business. * HAL Offshore Limited holds 70.77% of shareholding in SEAMEC Limited.
What to do with a filing like this
Seamec Limited filed this with the NSE as a statutory disclosure, categorised under related party transactions. 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.