Seamec Limited Enters Diving Agreement with HAL Offshore for Services on ONGC Vessel
Seamec Limited has finalized a Diving Agreement with M/s. HAL Offshore Limited concerning the provision of diving subsea services. The agreement was executed on July 23, 2026, covering services to be performed on the ONGC Vessel 'SAMUDRA SEVAK', which is managed by Seamec.The contract details a total value of approximately USD 9.96 million, exclusive of GST. This transaction has been categorized as a Related Party Transaction and was executed at arm's length in the normal course of business.
Details regarding the relationship between the parties were provided, noting that HAL Offshore Limited holds a significant stake in Seamec Limited. As per the records, HAL Offshore Limited possesses 70.77% shareholding in Seamec Limited. Furthermore, HAL Offshore Limited is noted as the Promoter of Seamec Limited.
SEAMECLTD Stock Price Movement
Today, shares of Seamec Limited climbed to close at ₹1402.10 after edging up 2.50%. The stock traded vigorously throughout the session, with a total volume of 40,728 shares transacted.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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