Seamec Limited Enters Consortium Agreement for Diving Technical Expertise on ONGC Vessel 'SAMUDRA PRABHA'
<p>Seamec Limited has entered into a Consortium Agreement with M/s Supreme Hydro Engineering Pvt Limited. The partnership is focused on availing support and diving technical expertise concerning the ONGC vessel, 'SAMUDRA PRABHA,' which is managed by Seamec.</p>
<p>The agreement formalizes the collaboration between the two entities for this specialized marine project. The total contract value set for this Consortium Agreement is approximately USD 1.39 million, inclusive of GST.</p>
<p>This strategic collaboration involves crucial aspects relating to the service provision on the vessel. Key details regarding the partnership are summarized below:</p>
<table>
<thead>
<tr>
<th>Aspect</th>
<th>Details</th>
</tr>
</thead>
<tbody>
<tr>
<td>Partner Company</td>
<td>M/s Supreme Hydro Engineering Pvt Limited</td>
</tr>
<tr>
<td>Purpose of Agreement</td>
<td>Availing Support on Diving Technical Expertise on ONGC Vessel 'SAMUDRA PRABHA' managed by SEAMEC.</td>
</tr>
<tr>
<td>Total Contract Value</td>
<td>USD 1.39 million (inclusive of GST)</td>
</tr>
</tbody>
</table>
<p>The transaction has been confirmed as non-related party, meaning neither Seamec Limited nor its associates hold any ownership interest in Supreme Hydro Engineering Pvt Limited related to this venture.</p>
SEAMECLTD Stock Price Movement
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