Seamec Share Price In Focus; As Consortium Wins ₹410.74 Crore ONGC Contract For Samudra Sevak

Written by: Team Angel OneUpdated on: 14 Mar 2026, 4:21 pm IST

Seamec Limited, along with Supreme Hydro Pvt Ltd, has secured an ONGC contract worth about ₹410.74 crore for operating and maintaining the vessel Samudra Sevak.

Seamec Limited has received a contract award from Oil and Natural Gas Corporation Limited for providing operation and maintenance services for the vessel MSV Samudra Sevak. The contract has been awarded to a consortium comprising Seamec Limited and Supreme Hydro Pvt Ltd, according to a regulatory disclosure made by the company.

Contract Scope & Duration 

The agreement involves operation and maintenance services for the ONGC-owned vessel Samudra Sevak. The contract tenure will run for 738 days and is expected to begin within 60 days from the issuance of the notification of award.

The total contract value is estimated at approximately ₹410.74 crore including GST.

Award Issued by ONGC

The Notification of Award was issued by ONGC on March 13, 2026, following the company’s participation in the e-tender process.

The project will be executed by the consortium partners, with Seamec playing a key role in delivering offshore support services under the agreement.

Seamec Share Price Performance 

As of March 14,2026, Seamec share price is trading at ₹1,321.20 per share, reflecting a decline of 1.42% from the previous closing price. 

Conclusion

The contract strengthens Seamec’s presence in the offshore services segment and adds to its portfolio of projects in collaboration with ONGC. The project is expected to contribute to the company’s operational pipeline over the next two years.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Mar 14, 2026, 10:49 AM IST

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