Seamec Limited and Supreme Hydro Pvt Ltd have executed the contract with Oil and Natural Gas Corporation Limited (ONGC) for the hiring of Operation & Maintenance (O&M) services for the MSV Samudra Prabha for the period 2026 to 2028. The deployment follows the successful completion of Dynamic Positioning (DP) and Fire Fighting (FiFi) trials, with operations commencing in the field at 10:30 hours on May 31, 2026. This agreement formalizes the previously awarded contract, activating the consortium's obligations for the specified term.

The disclosure was submitted to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the terms and conditions of the contract, read with the notification of award, remain unchanged. The information regarding the contract execution was received by the company on June 01, 2026, at 13:10 hours.

Contract & Deployment Details

The following table outlines the key details of the agreement:

The filing was signed by S.N. Mohanty, President – Corporate Affairs, Legal and Company Secretary of Seamec Limited.

SEAMEC Limited announced that its vessel SEAMEC III has successfully completed its second Part Replacement Pipeline Project, Pipeline Replacement Project – Group A (PRP-VIII A) and DSF II Project with M/s. G R Infraprojects Limited. The vessel off hired with effect from May 31, 2026, at 15:00 hrs. The development was disclosed to the exchanges under Regulation 30 on May 31, 2026.

Following the completion of these projects, the vessel is scheduled to undergo drydocking in the first week of June 2026. The company informed BSE Limited and National Stock Exchange of India Limited regarding the deployment status and the subsequent off-hiring of the vessel.

Project Details

The projects completed by SEAMEC III were undertaken for G R Infraprojects Limited. The specific projects included the second Part Replacement Pipeline Project and the DSF II Project. The completion of these assignments marks the end of the vessel's current operational contract before its scheduled maintenance.

Key Dates and Events