Seamec Ltd Consortium Secures Rs. 410 Crore ONGC O&M Contract
Filing Summary
Seamec Ltd, in consortium with Supreme Hydro Pvt Ltd, has received a Notification of Award (NOA) from Oil and Natural Gas Corporation Limited (ONGC) for the hiring of Operation & Maintenance (O&M) services for the ONGC-owned MSV “Samudra Sevak.” The contract, valued at approximately Rs. 410 crore inclusive of GST, spans 738 days and is set to commence within 60 days from March 13, 2026. This award is part of a domestic tender process and does not involve any related party transactions.
On March 13, 2026, Seamec Ltd, in consortium with Supreme Hydro Pvt Ltd, received a Notification of Award (NOA) from Oil and Natural Gas Corporation Limited (ONGC). The award pertains to the hiring of Operation & Maintenance (O&M) services for the ONGC-owned MSV “Samudra Sevak” for the period 2026-2028. This contract was awarded following e-tender no. ZW5CC26001.
The total value of the contract is approximately Rs. 410,74,12,440, inclusive of GST. This financial agreement is part of the normal course of business and does not involve any related party transactions. The contract specifies that the consortium will provide the required services over a period of 738 days.
The scope of work under this contract includes comprehensive Operation & Maintenance services for the MSV “Samudra Sevak.” The consortium is responsible for ensuring the vessel’s operational efficiency and maintenance standards as per ONGC’s requirements. The services are to be executed in accordance with the terms outlined in the NOA, ensuring compliance with all regulatory and operational guidelines.
The contract was awarded by a domestic entity, ONGC, and is part of the company’s routine business operations. The award does not involve any interest from the promoter or promoter group of Seamec Ltd in the awarding entity. The contract is structured to commence within 60 days from the date of the NOA, ensuring a timely start to the service delivery.
The timeline for the execution of this contract is set for 738 days, with operations beginning within 60 days from March 13, 2026. This timeline ensures that the consortium will have adequate time to mobilize resources and commence operations as per the contractual obligations.
Supreme Hydro Pvt Ltd, a partner in this consortium, specializes in providing underwater services and solutions. The company focuses on delivering high-quality marine services, which align with the operational requirements of the awarded contract.
Seamec Ltd is a key player in the marine and offshore services sector, focusing on providing specialized services such as diving support, marine logistics, and vessel management. The company continues to expand its operational capabilities through strategic partnerships and contracts, reinforcing its position in the industry.