Seamec Limited secures ₹28.85 crore contract from L&T for 'SEAMEC GLORIOUS' barge charter
Seamec Limited secured a ₹28.85 crore contract from Larsen & Toubro for chartering its barge "SEAMEC GLORIOUS" for 150 days, supporting ONGC offshore operations starting October 2025.
The contract value of ₹28.85 crore is substantial and represents a notable new order for the company, indicating continued business activity and revenue generation over the 150-day firm period.
The company has secured a significant new contract worth over ₹28 crore, which is expected to contribute positively to its revenue and business operations.
Seamec Limited has announced entering into a Bimco Charter Party agreement with Larsen & Toubro Limited for the charter hire of its barge, "SEAMEC GLORIOUS". * The barge will be utilized for offshore accommodation and hook-up work, supporting Oil and Natural Gas Corporation Limited (ONGC) projects in Mumbai High & West Coast Offshore. * The firm charter period is for 150 days, with an option for extension. * The charter is scheduled to commence within the window period of 1st October 2025 to 30th October 2025. * The total value of this contract is ₹28,85,62,500, exclusive of GST.
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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.