Seamec Ltd Secures Charter Hire Contract Worth USD 55 Million for Vessel SEAMEC ANANT
Seamec Limited entered into a charter hire contract with HAL Offshore Limited for its vessel SEAMEC ANANT. The contract is for approximately 1225 days, with a total value of USD 55 million (₹457 crore) excluding GST. This is a related party transaction.
The contract value of USD 55 million (approximately ₹457 crore) represents a substantial business win for the company.
The company has secured a significant contract, which is positive for its business.
Seamec Limited announced on October 21, 2026, that it has entered into a contract with HAL Offshore Limited (HAL) for the charter hire of its vessel, SEAMEC ANANT. This vessel will be deployed with Oil and Natural Gas Corporation (ONGC) for Integrated Marine Response (IMR) jobs.
The charter hire period is expected to be approximately 1225 days, contingent upon HAL's Charter Hire Agreement with ONGC. The total contract value for this period is approximately USD 55 million, exclusive of Goods and Services Tax (GST).
This agreement is classified as a related party transaction, as HAL Offshore Limited holds 70.77% of the shareholding in Seamec Limited and is its promoter. The transaction is conducted in the normal course of business and on an arm's length basis. The agreement was executed on October 21, 2026, at 16:33 hours.
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Seamec Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. 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.