SEAMEC Share Price in Focus; Enters $19.02 Million Charter Deal with G R Infraprojects for ONGC Projects

SEAMEC Limited has entered into a Bimco Charter Party with G R Infraprojects Limited for the charter hire of its vessel SEAMEC II, as per an exchange filing dated September 30, 2026.  

The vessel will be used for subsea installation work linked to two projects of Oil and Natural Gas Corporation Limited (ONGC). 

Vessel Deployment for ONGC Projects 

The vessel is to be deployed for work under the Pipeline Replacement Project (PRP-8A) and DSF 2 Project of ONGC. The agreement covers the charter hire of SEAMEC II for the subsea installation requirements of these projects.  

$19.02 Million Charter Value 

The total value of the charter party is approximately $19.02 million, excluding GST. The charter is scheduled to start within the period between October 15 and October 31, 2026, according to the company’s stock exchange filing.  

180-Day Tenure 

The charter has a tenure of 180 days. The agreement also provides for an extension, subject to terms mutually agreed between the parties. No further details on the extension period have been disclosed in the filing.  

Details of the Transaction 

SEAMEC’s disclosure states that there is no shareholding in G R Infraprojects Limited in connection with the agreement. It also states that G R Infraprojects is not related to the promoter, promoter group or group companies.  

The transaction does not fall under related party transactions.  

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SEAMEC Share Price Performance  

As of September 30, 2026, 12:38 pm, SEAMEC share price was trading at ₹1,645.70, a 0.45% decrease from the previous closing price. 

Conclusion 

SEAMEC will deploy SEAMEC II for subsea installation work under two ONGC projects. The 180-day charter is valued at approximately $19.02 million, excluding GST. 

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