Seamec vessel chartered for ONGC west coast project in contract worth $460k

Marine services company Seamec Limited, on Monday, February 16,  informed that its vessel, Seamec Princess, has been chartered on hire to Supreme Offshore Construction & Technical Services Limited for operations in the ONGC oilfield on the west coast of India.

As per the exchange filling the vessel will be deployed for carrying out jobs related to SAT diving and air diving under an ONGC contract.

The charter period is for approximately four days, with an option for extension on mutually agreed terms. The company said the charter commenced on Saturday, February 14,  at 9.30 pm.

The total contract value is estimated at approximately $460,000 (Approax ₹4.17 crore), exclusive of GST, the company informed in regulatory filing.

Earlier on December 18, Seamec announced that it has given a letter of award to Adsun Offshore Diving Contractors Pvt Ltd. The contract is for providing diving-related services on board the vessel Seamec III.

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The scope of work includes the part replacement pipeline project, pipeline replacement project – group A (PRP-VIII A), and the DSF II project of Oil and Natural Gas Corporation Ltd (ONGC).

Seamec reported a strong performance on the revenue and profit fronts for the quarter ended December 31, 2025. Revenue from operations rose to ₹317.05 crore, compared with ₹149.34 crore in the same quarter last year, while total income stood at ₹331.44 crore

The company posted a profit before tax of ₹107.30 crore for the quarter, against a loss of ₹2.59 crore in the year-ago period. For the nine months ended December 31, 2025, Seamec’s profit before tax increased to ₹161.83 crore from ₹53.10 crore a year earlier.

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Shares of Seamec Ltd closed marginally higher in Monday’s session, with the stock closing at ₹1,375.50 on the NSE, up ₹0.80.

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