Seamec has officially disclosed a major subcontract agreement with G R Infraprojects Limited for the charter hire of its specialized vessel 'Seamec III'. The contract, valued at approximately USD 16.72 million exclusive of GST, spans 150 days and involves comprehensive subsea installation and diving operations for Oil and Natural Gas Corporation (ONGC).

Contract Details and Regulatory Disclosure

The company made the announcement through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on December 11, 2025, with the intimation received at 09:58 hours.

Project Scope and Operations

The vessel charter agreement encompasses deployment in second season subsea installation and diving works across multiple ONGC projects. The comprehensive scope includes Part Replacement Pipeline Project, Pipeline Replacement Project-Group A (PRP-VIIIA), and DSF II Project operations.

Key Project Components

• Second season subsea installation operations
• Specialized diving works for offshore infrastructure
• Pipeline replacement activities across multiple project groups
• Technical support for critical ONGC offshore operations

Strategic Business Impact and Compliance

The agreement represents a significant development in Seamec's normal course of business operations. According to the detailed regulatory disclosure, the contract does not fall within related party transactions, and the promoter/promoter group/group companies have no interest in G R Infraprojects Limited.

This 150-day charter agreement provides Seamec with substantial revenue visibility and reinforces its position as a key service provider in India's offshore energy infrastructure sector. The contract demonstrates the company's specialized capabilities in marine engineering services and its ability to secure significant deals in the competitive offshore operations market.

Seamec Limited , a prominent player in the offshore services sector, has announced the return to service of its HAL (Helicopter Approach Landing) vessel, MV GOODMAN, following a brief period of technical issues and subsequent repairs.

Incident Resolution

According to the latest disclosure made by Seamec Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the following key points have been highlighted:

Company's Response

Seamec Limited has confirmed that the MV GOODMAN has been successfully repaired and hired back into operational service. This development marks the vessel's return to revenue-generating status, which is crucial for the company's marine operations.

Operational Impact

The swift resolution of the technical issue and the vessel's prompt return to service align with the company's earlier assurance that the brief off-hire period would not disrupt ongoing project schedules. This efficient handling of the situation demonstrates Seamec's operational readiness and problem-solving capabilities.

Market Implications

The timely return of MV GOODMAN to operational status may be viewed positively by stakeholders and market analysts. It reinforces Seamec Limited's ability to manage technical challenges effectively and maintain its operational commitments.

Looking Ahead

As the offshore services industry continues to navigate various challenges, Seamec Limited's handling of this situation showcases its resilience and commitment to maintaining operational efficiency. The company's transparent communication throughout the incident, from initial disclosure to the announcement of the vessel's return, underscores its dedication to keeping stakeholders informed.

Investors and industry observers will likely continue to monitor Seamec's performance, particularly focusing on the consistency of its fleet operations and the company's ability to mitigate potential disruptions in the future.