SEAMEC Consortium Wins ₹329.92 Crore Contract from ONGC

SEAMEC Limited has announced that a consortium formed with Supreme Hydro Pvt Ltd has received a Notification of Award from Oil and Natural Gas Corporation for providing Operation and Maintenance (O&M) services for the ONGC-owned MSV Samudra Prabha vessel.

The contract was awarded following an e-tender process and relates to the hiring of O&M services for the vessel for the period 2026–2028.

Contract Value and Duration

The total value of the contract is ~₹329.92 crore, inclusive of GST. The agreement will remain in effect for a tenure of 698 days.

The execution of the contract is expected to commence within 60 days from the date of the Notification of Award issued by ONGC.

Scope of the Agreement

Under the contract, the consortium will provide operation and maintenance services for the MSV Samudra Prabha vessel owned by ONGC. These services are part of ONGC’s offshore operational activities and support the efficient functioning of its marine infrastructure.

The contract has been awarded by a domestic entity and forms part of the companies’ regular course of business operations.

SEAMEC Share Price Today

On March 27, 2026, SEAMEC share price opened at ₹1,450.80, touching the day’s low at ₹1,365.20, as of 11:51 AM on the NSE.

Also Read: Seamec Wins ₹410 Crore ONGC Vessel Contract! 

Conclusion

The award of the O&M services contract highlights the continued participation of SEAMEC in India’s offshore energy services sector. The project is expected to support ONGC’s operational requirements while strengthening SEAMEC’s order book through a long-term marine services engagement.

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