Deals7 Nov 2026, 07:10 pm
Seamec Ltd Secures USD 26.14M Contract for ONGC Project
AI Summary
Seamec Limited, as part of a consortium with Posh India Offshore Pvt Ltd, has received a Letter of Award (LOA) from Larsen & Toubro Limited for the subsea installation works for ONGC's PRP-X Project. Seamec's scope of work is valued at USD 26.14 million, exclusive of GST. The project is expected to be completed by May 2027. This contract falls within the normal course of business and does not involve related party transactions or promoter group interests in the awarding entity.
Key Highlights
- Seamec awarded subsea installation contract for ONGC's PRP-X project.
- Contract value for Seamec's scope is USD 26.14 million.
- Project completion deadline is May 2027.
- Contract awarded by Larsen & Toubro Limited.
- No related party transactions involved.
Price Impact
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