Seamec Secures Additional Installation Work for ONGC Projects Valued at USD 3.14 Million
The addendum provides additional revenue of USD 3.14 million (approximately ₹26.69 crore) for the company by expanding the scope of work on ongoing projects, which is a positive but not transformational financial impact.
The company has secured additional work through an addendum to an existing subcontract, leading to increased revenue worth approximately USD 3.14 million.
Seamec Limited announced on 16 September 2025 that it has entered into an Addendum 01 to its Subcontract Agreement dated 20 March 2025 with M/s. Posh India Offshore Private Limited. * The addendum is for carrying out additional installation activities, including Riser Clamps, Bow String, and other installation works. * These activities are part of the Pipeline Replacement Project VIII (PRP-VIII Gr. B) and Daman Upside Development Project (DUDP) for Oil and Natural Gas Corporation Limited (ONGC). * The total value of this Addendum 01, based on the maximum indicated quantity of additional scope of work, is approximately USD 3.14 million (approximately ₹26.69 crore), exclusive of GST. * The work will be executed on a unit rate basis.
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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 medium impact: worth reading, rarely worth acting on by itself.
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