Business Update24 Apr 2026, 01:26 pm
Seamec extends 'SEAMEC GLORIOUS' charter with L&T for ₹6.54 Cr
AI Summary
Seamec Ltd. has executed an addendum with Larsen & Toubro Limited to extend the charter hire period for its vessel "SEAMEC GLORIOUS". The extension is valid until May 15, 2026, with an additional option for the charterer to extend on a day-to-day basis for 15 days. The total value of this extension period is ₹6,54,07,500, exclusive of GST. This addendum was executed on April 23, 2026, and is considered part of the normal course of business operations.
Key Highlights
- Seamec extended the charter for its vessel "SEAMEC GLORIOUS".
- The extension is with Larsen & Toubro Limited until May 15, 2026.
- The contract extension is valued at ₹6.54 crore, excluding GST.
- Charterer has an option for a further 15-day extension.
- The addendum was executed on April 23, 2026.