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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Seamec Ltd
Seamec Ltd Executes ONGC Contract for MSV 'Samudra Prabha'
ORDERS ▲ Positive Development LOW RISK
📅 Filed on BSE: 01 Jun 2026, 02:49 PM IST  ·  BSE ID: 05f3386b-5185-40c4-8461-81ab68fbb80e
View Original BSE Filing (PDF)
💡
In Simple Terms
Seamec has finalized a deal with ONGC to manage and maintain the 'Samudra Prabha' vessel until 2028.
🤖 AI Summary
  • Seamec Limited's consortium executed ONGC contract for MSV 'Samudra Prabha'.
  • Contract covers Operation & Maintenance (O&M) services for the vessel.
  • Agreement is valid for the period 2026-2028.
  • Terms are unchanged from the previously issued Notification of Award.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Contract Period
2026-2028
🏢 How This Affects the Company
📈
Business Impact
This execution formalizes a previously announced contract, securing revenue for the operation and maintenance of the MSV 'Samudra Prabha'. It confirms a significant order for the company's vessel services segment.
💰
Financial Impact
The financial terms were established upon the Notification of Award. This execution confirms the commencement of obligations and future revenue streams related to this contract.
⚙️
Operational Impact
The company will now be fully engaged in providing O&M services for the 'Samudra Prabha' vessel as per the contract specifications.
⚠️
Risk Impact
Execution mitigates the risk of the contract not being finalized, solidifying the business pipeline.
👥 What This Means For Shareholders
✅
Action Required
No action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the confirmation of a secured contract that contributes to the company's revenue and operational pipeline.
🔍
Management Signal
Management's commitment to finalizing and executing significant contracts is demonstrated.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Subsequent financial results detailing revenue from this contract.
Any operational updates from ONGC regarding 'Samudra Prabha'.
Future contract wins in the offshore O&M segment.
LOW RISK Execution of a confirmed contract with a major client (ONGC).
💡 Investor Takeaway
Seamec Limited's consortium has executed the contract with ONGC for the O&M of MSV 'Samudra Prabha' for 2026-2028, confirming previously announced terms.
⚖️ Strengths & Concerns

✅ Positives

  • Confirmation of ONGC contract execution for MSV 'Samudra Prabha' covering 2026-2028.
  • Terms and conditions remain unchanged from the initial Notification of Award.
📅 Company Track Record
Seamec Limited previously announced a similar ONGC O&M contract for MSV 'Samudra Sevak' worth INR 329,92,34,688 on April 28, 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the nature of the contract executed by Seamec Limited's consortium?
Seamec Limited's consortium executed a contract with ONGC for the Operation & Maintenance (O&M) services of ONGC owned MSV 'Samudra Prabha'.
What is the duration of the 'Samudra Prabha' O&M contract?
The contract for the O&M services of MSV 'Samudra Prabha' is for the period of 2026-2028.
Are the terms of the 'Samudra Prabha' contract different from the Notification of Award?
No, the terms and conditions of the contract remain unchanged from the previously issued Notification of Award.
Which companies form the consortium that executed the ONGC contract?
The consortium consists of M/s. SEAMEC LIMITED and M/s. Supreme Hydro Pvt Ltd.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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