Seamec Ltd soars 7% on winning ₹410 Cr offshore services deal from ONGCSeamec Ltd soars 7% on winning ₹410 Cr offshore services deal from ONGC

Introduction

Leading offshore services provider secures ₹410 crore contract from ONGC with Supreme Hydro Pvt Ltd for 738-day Operation and Maintenance of MSV “Samudra Sevak,” starting March 2026.

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Share price movement of Seamec

On March 16, 2026, Seamec Ltd opened at ₹1,359.15, up 2.28% from its previous close of ₹1,329.15. The stock reached a high of ₹1,424.45 (7.15%) and a low of ₹1,328.30 (-0.08%). By 11:55 AM, it traded at ₹1,384.00, a 4.13% increase, with a market cap of ₹3,518.82 crore.

Seamec Wins ₹410 Crore ONGC Contract

Seamec Limited and Supreme Hydro Pvt Ltd have received a Notification of Award from Oil and Natural Gas Corporation Limited for Operation & Maintenance services of MSV “Samudra Sevak.”

The contract tenure is 738 days, starting within 60 days of March 13, 2026. The total contract value is approximately ₹410.74 crore, inclusive of GST.

The award was issued by a domestic entity. Promoters have no interest in ONGC. The contract is in the normal course of business and not a related party transaction.

Stock performance of Seamec for period of 1 week, 6 months, and 1 year

Seamec Ltd delivered a 1-week return of -0.23%, a 6-month return of 40.6%, and a 1-year return of 39.4%.

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Shareholding pattern of Seamec

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	72.70%	72.70%	72.30%
FII	3.40%	3.60%	3.30%
DII	4.10%	3.80%	6.20%
Public	20%	19.90%	18.30%

About Seamec

Seamec Ltd (NSE: SeamecLTD) owns India’s largest fleet of multi-support vessels, providing diving, manned and unmanned subsea operations, and operates three bulk carriers in shipping verticals.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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