SEAMEC Limited has signed a Memorandum of Understanding (MoU) with the Directorate General of Shipping during the India Maritime Week 2025. The agreement involves a planned investment of around ₹1000 crore in SEAMEC’s maritime business. The signing took place on October 28, 2025.
The MoU outlines SEAMEC’s intention to invest progressively in its existing line of business over the coming years. The filing made to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) confirms that the investment will be implemented in phases.
The agreement was formalised during India Maritime Week 2025, a national platform for government bodies, private companies, and maritime institutions to discuss developments in the sector. SEAMEC’s participation in the event aligns with its focus on expanding operations within India’s maritime domain.
SEAMEC Limited is involved in offshore and marine services and operates as part of the MM Group. The company provides a range of services, including vessel management and offshore support operations. Its registered office is located in Mumbai, with contact and corporate information listed on official filings submitted to the exchanges.
The total investment of ₹1000 crore will be made progressively, though specific details on fund allocation or project scope have not been shared. The filing states that the investment will remain within SEAMEC’s current business areas, focusing on strengthening operations in the maritime sector.
As of October 29, 2025, 09:44 AM, SEAMEC share price was trading at ₹863.65, a 0.84% increase from the previous closing price.
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The MoU between SEAMEC Limited and the Directorate General of Shipping marks a formal step towards a phased ₹1000 crore investment in the company’s maritime business. Further updates on project implementation and allocation of funds are expected in subsequent disclosures.
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Published on: Oct 29, 2025, 1:15 PM IST
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