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Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Seamec will install subsea equipment for ONGC's new project, earning USD 26.14 million by May 2027.
🤖 AI Summary
Seamec awarded USD 26.14 million contract by L&T for ONGC's PRP-X project.
Contract covers subsea installation works, to be completed by May 2027.
Awarded to a consortium of Posh India Offshore Pvt Ltd and SEAMEC Limited.
Larsen & Toubro is the entity awarding the Letter of Award.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Contract Value (Seamec's Scope)
USD 26.14 million
Project Completion Timeline
May 2027
🏢 How This Affects the Company
📈
Business Impact
This order win expands Seamec's project pipeline with a significant contract value from a major client, Larsen & Toubro, for ONGC's project.
💰
Financial Impact
The contract adds USD 26.14 million to the company's order book, contributing to future revenue streams upon project execution.
⚙️
Operational Impact
The company will undertake subsea installation works, requiring deployment of resources and expertise for the project's duration.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this disclosure.
👤
Who Is Affected
All shareholders are informed of a new contract award that contributes to the company's order book and future revenue.
🔍
Management Signal
This award demonstrates management's continued focus on securing significant project wins in the offshore energy sector.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Intimation on project commencement
Progress updates on subsea installation works
Completion of the project by May 2027
LOW RISKAward of contract represents a confirmed business win with a defined scope and value.
💡 Investor Takeaway
Seamec Limited has received a Letter of Award worth USD 26.14 million from Larsen & Toubro for subsea installation on ONGC's PRP-X project, with completion by May 2027.
⚖️ Strengths & Concerns
✅ Positives
Secured USD 26.14 million contract for subsea installation works for ONGC's PRP-X project.
Project completion is scheduled by May 2027, providing a clear timeline.
📅 Company Track Record
Seamec has recently secured several ONGC contracts, including a USD 55 million charter hire contract for vessel SEAMEC ANANT and an INR 329,92,34,688 contract for MSV Samudra Sevak.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the value of the Letter of Award received by Seamec Ltd?
Seamec Limited received a Letter of Award with its scope valued at USD 26.14 million exclusive of GST.
Who awarded the Letter of Award to Seamec Ltd?
The Letter of Award was awarded by M/s. Larsen and Toubro Limited (L&T Energy Hydrocarbon Div).
What is the project and its completion timeline for Seamec Ltd?
The contract is for subsea installation works for ONGC's PRP-X project, scheduled for completion by May 2027.
Which consortium is undertaking the ONGC PRP-X project work?
The work for ONGC's PRP-X project is undertaken by a consortium of SEAMEC Limited and Posh India Offshore Private Limited.
Questions based on this BSE filing only. For information purposes.
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⚠️ 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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