SEAMEC Limited has secured a major contract from Oil and Natural Gas Corporation Limited (ONGC) for Operation & Maintenance (O&M) services worth Rs 329,92,34,688 inclusive of GST. The notification of award was issued on March 13, 2026, marking a significant business development for the marine services company.

Contract Details

The contract involves hiring O&M services for ONGC's MSV "Samudra Prabha" for the period 2026-2028. SEAMEC Limited has partnered with Supreme Hydro Pvt Ltd in a consortium arrangement to execute this project.

Award Specifications

The notification of award (NOA) No. CPD-CLPG/MUM/2637683/ZW5CC26001/Samudra Prabha/9010041914 was issued against e-tender no. ZW5CC26001. The contract represents normal course of business operations for SEAMEC Limited as a domestic entity.

Regulatory Compliance

SEAMEC Limited disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that:

• The contract does not involve any related party transactions
• No promoter, promoter group, or group companies have any interest in ONGC
• The award falls within the company's regular business operations
• Information was received on March 26, 2026 at 17:12 hours

Business Impact

This substantial contract award strengthens SEAMEC Limited's position in the offshore services sector. The company operates as part of the MM Agrawal Group and maintains various international certifications including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. The contract execution will span nearly two years, providing sustained revenue visibility for the marine services provider.

SEAMEC Limited has secured a substantial contract worth ₹410.74 crore from Oil and Natural Gas Corporation (ONGC) for the operation and maintenance of the "Samudra Sevak" vessel. The company received the Notification of Award (NOA) on March 13, 2026, marking a significant milestone in its offshore drilling and marine services operations.

Contract Details and Partnership

The comprehensive agreement has been awarded to a consortium comprising SEAMEC Limited and Supreme Hydro Pvt Ltd for hiring Operation & Maintenance (O&M) services for ONGC's MSV "Samudra Sevak" spanning 2026-2028. The contract encompasses complete operational and maintenance responsibilities for the sophisticated offshore vessel.

Timeline and Execution

The contract tenure spans 738 days and will commence within 60 days from the date of the NOA issued on March 13, 2026. This timeline provides SEAMEC and its consortium partner adequate preparation time to mobilize resources and ensure seamless transition of vessel operations.

Strategic Significance

This contract award reinforces SEAMEC's established relationship with ONGC, India's premier oil and gas exploration company. The agreement positions SEAMEC as a trusted partner in ONGC's offshore operations, highlighting the company's proven track record in vessel management and marine services. The partnership with Supreme Hydro Pvt Ltd demonstrates SEAMEC's collaborative approach to handling large-scale marine infrastructure projects.

Business Impact

The ₹410.74 crore contract represents a significant addition to SEAMEC's order book, providing substantial revenue visibility and operational stability. This partnership with ONGC further establishes SEAMEC's credentials as a leading service provider in India's offshore energy sector, conducted in the normal course of business as a domestic contract with no related party transactions involved.