Seamec Ltd. Secures USD 9.96 Million Diving Services Contract with HAL Offshore
Seamec Limited signed a Diving Agreement with HAL Offshore Limited for subsea services on the ONGC Vessel “SAMUDRA SEVAK”. The contract is valued at approximately USD 9.96 million (₹83.1 crore) exclusive of GST. HAL Offshore is a related party and the promoter of Seamec.
The contract value of USD 9.96 million is significant and is expected to contribute to the company's revenue and profitability, hence a medium impact.
The company has secured a new contract, which is a positive development for its business operations.
Seamec Limited announced on July 23, 2026, that it has entered into a Diving Agreement with M/s. HAL Offshore Limited (HAL). The agreement is for availing Diving Subsea Services on the ONGC Vessel “SAMUDRA SEVAK,” which is managed by Seamec.
The total contract value is approximately USD 9.96 million, exclusive of GST. This transaction is classified as a Related Party Transaction and is conducted on an Arm's Length basis in the normal course of business.
HAL Offshore Limited, which holds 70.77% of the shareholding in Seamec Limited, is also the Promoter of Seamec Limited. The agreement was executed on July 23, 2026, at 13:53 hours.
What to do with a filing like this
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 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.