Seamec Limited Secures Operation and Maintenance Contract for ONGC’s MSV “Samudra Prabha”
Mumbai – March 27, 2026 – Seamec Limited, in consortium with Supreme Hydro Pvt Ltd, has been awarded a contract by Oil and Natural Gas Corporation Limited (ONGC) for the hiring of Operation & Maintenance (O&M) services for the ONGC-owned MSV "Samudra Prabha." The contract covers the period 2026-2028.The tenure of the contract is 698 days and is scheduled to commence within 60 days from the date of the Notification of Award (NOA), issued by ONGC on March 13, 2026. The total value of the contract is approximately INR 329,92,34,688, inclusive of Goods and Services Tax (GST).
The award represents a normal course of business for Seamec Limited. According to details provided, neither the promoter group nor any group companies have any interest in ONGC. The contract does not constitute a related party transaction.
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