Seamec Secures Rs 411 Crore Contract from ONGC

Seamec Wins Contract Worth Rs 410.74 Crore from ONGC

On March 16, the share price of Seamec will remain in focus following the company's win of a contract worth Rs 410,74,12,440 from Oil and Natural Gas Corporation (ONGC).

The contract, which is for the hiring of operation & maintenance (O&M) services for ONGC-owned MSV "Samudra Sevak" for the period of 2026-2028, has a tenure of 738 days and will commence within 60 days from the date of the Notification of Award (NOA).

Seamec has recently secured another contract, where its vessel, SEAMEC PRINCESS, has been charter-hired by Supreme Offshore Construction & Technical Services for operations in ONGC's oilfields on the west coast of India. The total value of this contract is approximately US$ 0.46 million.

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In the last nine months, the share price of Seamec has risen by more than 54%. On the previous trading session, the share closed at Rs 1,329.15, down Rs 6.10, or 0.46%.

Key metrics for Seamec include:

• 52-week high: Rs 1,446.80 (achieved on February 17, 2026)
• 52-week low: Rs 753.00 (achieved on August 6, 2025)
• Current trading status: 8.13% below 52-week high and 76.51% above 52-week low
• Market capitalisation: Rs 3,379.36 crore