Mumbai-based oilfield and vessel services provider Seamec announced securing a significant work order from Oil and Natural Gas Corporation (ONGC). According to the company's NSE filing, ONGC awarded a contract worth ₹329,92,34,688 (more than ₹329.92 crore), including GST, to the consortium comprising Seamec and Supreme Hydro Pvt. Ltd for hiring operation and maintenance services for one of its diving support vehicles. The contract was issued on March 13, 2026, with the notification of award dated March 26, 2026.
The service contract has a tenure of 698 days, effective to commence from 60 days after the allotment on Friday. As reported by the company, the contract involves operation and maintenance services for ONGC's owned MSV 'Samudra Prabha' for the period 2026-2028. The diving support vessel will undergo maintenance during this timeframe, with the consortium responsible for providing comprehensive maintenance services.
According to MarineTraffic data, MSV 'Samudra Prabha' is an ONGC-owned diving support vehicle with specific technical specifications. The vessel has an overall length of 91.5 metres and a width of 17.42 metres, currently operating in the Western Coast of India as of March 27. This operational data provides context for the maintenance requirements that led to the contract award.
The contract award is expected to keep Seamec shares in focus during the stock market session on Friday, March 27, 2026. As reported by Upstox, the company's share price will be of particular interest to investors following this significant work order announcement. The substantial contract value of over ₹329 crore represents a significant addition to Seamec's order book and demonstrates the company's continued involvement in ONGC's maintenance operations.
