Seamec won a USD 26.14 million lumpsum subsea installation contract on ONGC's PRP-X project from Larsen & Toubro, to finish by May 2027.
Orders · Finvezto · 7 Nov 2026 · Seamec (SEAMECLTD)
What happened
Larsen and Toubro awarded a Letter of Award to the consortium of SEAMEC and Posh India Offshore for ONGC's PRP-X subsea installation project, with SEAMEC's scope valued at USD 26.14 million. Source: NSE filing
The contract work is scheduled for completion by May 2027. Source: NSE filing
Key numbers
- Lumpsum contract value (SEAMEC scope of work, exclusive of G: 26.14 USD million
Why it matters
Anand Ganapathy K: The award is to a consortium with Posh India Offshore; the figure is Seamec's own scope. Its vessel SEAMEC Princess left Mumbai on 8 November to start work. Source: Stock note
Links
NSE filing (PDF) · Company page
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.