Seamec Ltd Secures ONGC Contract Worth ₹329.92 Crore for O&M Services
Seamec Limited, in a consortium with Supreme Hydro Pvt Ltd, has received a Notification of Award from ONGC for O&M services for MSV "Samudra Prabha". The contract, valued at approximately ₹329.92 crore, has a tenure of 698 days and will commence within 60 days of the award date.
The contract value of over ₹329 crore is substantial and represents a significant business award for the company, likely impacting its financial performance and market position.
The company has secured a significant new order, which is positive for its business outlook and revenue.
Seamec Limited has announced the receipt of a Notification of Award (NOA) from Oil and Natural Gas Corporation Limited (ONGC) for the Hiring of Operation & Maintenance (O&M) Services for ONGC Owned MSV "Samudra Prabha". The award was issued on March 26, 2026, against e-tender no. ZW5CC26001.
The contract has been awarded to a consortium of Seamec Limited and Supreme Hydro Pvt Ltd. The tenure of the contract is for 698 days and is expected to commence within 60 days from the date of the NOA. The total value of the contract is approximately ₹329,92,34,688 (Rupees Three Hundred Twenty-Nine Crore, Ninety-Two Lakh, Thirty-Four Thousand, Six Hundred and Eighty-Eight only), inclusive of GST.
The NOA was received by Seamec Limited on March 26, 2026, at 17:12 hours. The company has confirmed that the award is in the normal course of business, awarded by a domestic entity, and does not fall within related party transactions. The promoters and promoter group of Seamec Limited have no interest in ONGC.
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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 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.