Seamec shares gain 5% after contract with HAL OffshoreSeamec shares gain 5% after contract with HAL Offshore

Introduction

Leading offshore service providers enter a new contract for a multi-support vessel deployment under an existing ONGC project, with agreed charter terms, defined duration and a confirmed multi-million-dollar contract value.

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Share price movement of SEAMEC

On December 5, 2025, Seamec Ltd opened at ₹994.75, up 2.46% from its previous close of ₹970.70. The stock touched a high of ₹1,022.00 (5.25%) and a low of ₹972.65. By 1:39 PM, it traded at ₹1,013.75, a 4.43% rise, with a full market cap of ₹2,577.46 crore.

SEAMEC Signs Charter Hire Contract

SEAMEC Limited signed a contract with HAL Offshore Limited on December 4, 2025, for charter hire of its vessel SEAMEC AGASTYA. The vessel will be deployed under HAL’s ongoing ONGC contract after dry dock completion.

The agreement sets a charter rate of USD 25,000 per day for the remaining four years. The total charter value is about USD 43.07 million, inclusive of GST. The contract is recorded as a related party transaction.

HAL Offshore Limited holds 70.77% shareholding in SEAMEC Limited and is its promoter. SEAMEC confirmed the transaction is on arm’s length terms. The event occurred at 14:33 hours on December 4, 2025.

Stock performance of SEAMEC for Period of 1 week, 6 months, and 1 year

Seamec Ltd delivered a 5.10% return over the past week, gained 10.6% in the past six months, and declined 18.9% over the past year.

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Shareholding pattern of SEAMEC

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	72.70%	72.30%	72.30%
FII	4%	3.30%	3%
DII	3.80%	6.20%	6.70%
Public	20%	18%	18.00%

About SEAMEC

SEAMEC Ltd (NSE: SEAMECLTD) owns and operates four multi-support vessels for diving and subsea operations. It also runs three bulk carriers, making it India’s largest fleet of multi-functional vessels.

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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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