Seamec Limited, in collaboration with Supreme Hydro Pvt Ltd, has been awarded a significant contract by Oil and Natural Gas Corporation Limited (ONGC) for the operation and maintenance of the MSV ‘Samudra Prabha’. The contract, valued at approximately ₹329.92 crore inclusive of GST, is set to commence within 60 days from the issuance of the Notification of Award (NOA) dated 26th March 2026.
The consortium will undertake the operation and maintenance services for a period of 698 days, marking a substantial engagement in the domestic sector for both Seamec and Supreme Hydro. The award was made under the e-tender no. ZW5CC26001, reflecting the routine business operations of the involved parties.
Seamec has confirmed that there is no promoter or promoter group interest in the entity awarding the contract, ensuring that the transaction does not fall under related party transactions. This development underscores Seamec’s ongoing commitment to expanding its operational capabilities within India’s maritime sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Yash Agarwal and reviewed by Aditya Bhagchandani before publication.