Seamec Ltd Secures USD 3.25 Million Contract from ONGC for Diving Services
Seamec Limited received a Letter of Award from Adsun Offshore Diving Contractors Pvt Ltd. for diving services on ONGC projects. The contract is valued at USD 3.25 million (₹27 crore) exclusive of GST and will be executed during the 2025-26 working season.
The contract value of USD 3.25 million is significant and contributes to the company's revenue stream, impacting its financial performance.
The company has secured a new order, which is a positive development for its business.
Seamec Limited has been awarded a Letter of Award dated December 18, 2025, by M/s. Adsun Offshore Diving Contractors Pvt Ltd. for providing diving-related services.
These services will be rendered aboard the Vessel SEAMEC III for multiple projects of Oil and Natural Gas Corporation Limited (ONGC), including the Part Replacement Pipeline Project, Pipeline Replacement Project – Group A (PRP-VIII A), and the DSF II Project. The total value of this Letter of Award is approximately USD 3.25 million, exclusive of GST.
The contract is expected to be executed over the working season of 2025-26. The specific diving services include Jacket Face Riser Survey, Riser Removal, and the Installation of Crossings, Free Span, bow string, and clamps. M/s. Adsun Offshore Diving Contractors Pvt Ltd. is a domestic entity, and Seamec Limited confirms that its promoters, promoter group, or group companies have no interest in the awarded entity. The transaction is not considered a related party transaction.
The event occurred on December 18, 2025, at 16:00 hours.
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