Deals24 Mar 2025, 10:21 pm
Seamec Ltd and Posh India Offshore Private Limited Win Subsea Installation Contract from L&T for ONGC Projects
AI Summary
Seamec Ltd and Posh India Offshore Private Limited have received a Letter of Award (LOA) from Larsen and Toubro (L&T) for subsea installation works for the Daman Upside Development Project (DUDP) and PRP VIII (PRP-VIII) of ONGC. The contract, awarded to the consortium of Seamec and Posh, is to be completed by May 2026. The sharing values of the total contract under the consortium are being finalised.
Key Highlights
- Seamec Ltd and Posh India Offshore Private Limited win subsea installation contract from L&T for ONGC projects.
- The contract includes work for the DUDP and PRP-VIII projects of ONGC.
- The work is to be completed by May 2026.
- The total contract value under the consortium is being finalised.
- This is a domestic contract awarded in the normal course of business.