Seamec Limited Secures ₹410.74 Crore O&M Contract from ONGC
Seamec Limited and Supreme Hydro Pvt Ltd have been awarded a contract by ONGC for O&M services for MSV "Samudra Sevak". The contract is for 738 days, commencing within 60 days of the NOA dated March 13, 2026. The total value is approximately ₹410.74 crore.
The contract value of approximately ₹410.74 crore is substantial and will likely have a significant impact on the company's revenue and operations.
The company has secured a significant new order, which is a positive development.
Seamec Limited, a member of the MMG Group, has announced the Notification of Award (NOA) received from Oil and Natural Gas Corporation Limited (ONGC) on March 13, 2026. This award is against e-tender No. ZW5CC26001 and is for the Hiring of Operation & Maintenance (O&M) Services for ONGC Owned MSV "Samudra Sevak" for the period 2026-2028.
The contract has been awarded to a consortium comprising Seamec Limited and Supreme Hydro Pvt Ltd. The tenure of the contract is for 738 days and is expected to commence within 60 days from the date of the NOA. The total value of the contract is approximately ₹410,74,12,440, inclusive of GST.
This contract falls within the normal course of business for Seamec Limited and is with a domestic entity. The company has confirmed that its promoters, promoter group, or group companies do not have any interest in ONGC, and the contract does not fall within related party transactions.
What to do with a filing like this
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 high impact, which is the band that most often changes something.
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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.