Seamec Ltd. shares surged by over 3% after securing a USD 3.46 million contract with Mermaid Subsea Services. The contract involves the charter hire of Seamec’s vessel, SEAMEC SWORDFISH, for 50 days, operating in Saudi Arabia and the UAE. The contract is set to begin between December 16-23, 2024, with a potential extension.
The agreement, awarded in the normal course of business, does not involve related party transactions, and Seamec’s promoter group has no interest in the awarding entity.
Seamec’s stock opened at ₹1,119.35, hitting a high of ₹1,166.95 and a low of ₹1,109.20. The stock’s 52-week range is ₹892.10 to ₹1,669.95.
As of 10:37 am, Seamec shares were trading 1.29% higher at Rs 1,133.75 on the NSE.
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