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Seamec Consortium Executes O&M Contract with ONGC for MSV Samudra Sevak (2026-2028)
Seamec Limited, in a consortium with Supreme Hydro Pvt Ltd, has officially executed a contract with ONGC for the Operation & Maintenance (O&M) of the vessel 'Samudra Sevak'. The contract covers a two-year period from 2026 to 2028, providing the company with steady revenue visibility in its offshore services segment. This formal execution follows the Notification of Award previously received in March 2026. Partnering with a major PSU like ONGC reinforces Seamec's market position in the specialized marine services sector.
Key Highlights
Formal execution of O&M contract with ONGC for the vessel 'Samudra Sevak'.
Contract duration is set for a two-year period spanning 2026-2028.
Project executed via a consortium of Seamec Limited and Supreme Hydro Pvt Ltd.
Follows the initial Notification of Award (NOA) dated March 13, 2026.
💼 Action for Investors
Investors should note the improved revenue visibility for the 2026-2028 period; however, monitor future quarterly results for the specific margin impact of this O&M service.
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Seamec Extends Charter of Vessel 'SEAMEC GLORIOUS' with L&T for Rs 6.54 Crore
Seamec Limited has executed an addendum with Larsen & Toubro Limited to extend the charter hire period for its vessel, 'SEAMEC GLORIOUS'. The extension is valid until May 15, 2026, with an additional 15-day optional extension period available to the charterer. The total value of this specific extension period is approximately Rs 6.54 crore, excluding GST. This ensures continued vessel utilization and short-term revenue visibility for the company.
Key Highlights
Extension of charter hire for vessel 'SEAMEC GLORIOUS' with Larsen & Toubro Limited
Total value of the extension period is Rs 6,54,07,500 (exclusive of GST)
Charter extended until May 15, 2026, with a 15-day day-to-day option
The addendum follows the original charter agreement initiated in October 2025
💼 Action for Investors
Investors should note this as a positive development for short-term revenue stability and high vessel utilization. Monitor the company's ability to secure longer-term contracts for its fleet to ensure sustainable growth.
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Seamec Limited Vessel "SEAMEC AGASTYA" Resumes Operations After Technical Redressal
Seamec Limited has announced the redeployment of its vessel, "SEAMEC AGASTYA," following the completion of technical repairs. The vessel was officially put back on hire effective April 21, 2026, at 12:48 hours. This follows a period of being off-hire since April 9, 2026, resulting in a downtime of approximately 12 days. The return to service ensures the resumption of revenue generation from this specific offshore asset.
Key Highlights
Vessel "SEAMEC AGASTYA" returned to field operations on April 21, 2026.
The vessel was put back on hire at 12:48 hrs following technical redressal.
The downtime lasted approximately 12 days, having been off-hire since April 9, 2026.
The resumption of operations restores the company's contract-based revenue stream for this asset.
💼 Action for Investors
Investors should view this as a positive operational update that restores asset utilization. Monitor the company's overall fleet downtime trends to assess long-term maintenance efficiency and impact on margins.
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Seamec Vessel SEAMEC AGASTYA Resumes Operations Following Technical Redressal
Seamec Limited has announced that its vessel, SEAMEC AGASTYA, has returned to service effective April 21, 2026. The vessel was previously off-hire since April 9, 2026, due to technical redressal requirements. The vessel resumed its contract at 12:48 hrs, ending a 12-day period of non-earning downtime. This redeployment ensures the asset is back to generating revenue for the company.
Key Highlights
Vessel SEAMEC AGASTYA returned to field and was put on hire on April 21, 2026.
The vessel was off-hire for approximately 12 days starting from April 9, 2026.
Technical redressal has been successfully completed to allow the vessel's return.
The resumption of service was officially recorded at 12:48 hrs on the deployment date.
💼 Action for Investors
Investors should note the successful resolution of technical issues within a relatively short timeframe. No immediate action is required as this is a routine operational update restoring normal revenue flow.
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Seamec Resumes ONGC Contract as Vessel SEAMEC DIAMOND Returns from Drydocking
Seamec Limited has announced that its vessel, "SEAMEC DIAMOND," has successfully completed its statutory drydocking and returned to service. The vessel was off-hire for maintenance since February 18, 2026, and has now resumed its contract with ONGC. The deployment became effective on April 10, 2026, at 21:36 hours. This marks the end of a non-earning period for the asset and the resumption of regular revenue generation.
Key Highlights
Vessel SEAMEC DIAMOND resumed its contract with ONGC on April 10, 2026
The vessel was off-hire for statutory drydocking for approximately 51 days since February 18, 2026
Resumption of operations ensures the return of revenue flow from this specific asset
The deployment follows the completion of all necessary statutory maintenance requirements
💼 Action for Investors
Investors should note the return of the vessel to active duty as it stabilizes operational revenue. Monitor the company's overall fleet utilization rates in upcoming quarterly reports.
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SEAMEC Secures Vessel Charter for ONGC Projects at USD 37,000 Daily Rate
SEAMEC Limited has signed Addendum 02 with Posh India Offshore Private Limited for the charter hire of its vessel, SEAMEC PRINCESS. The vessel will be utilized for ONGC's Pipeline Replacement Project VIII and the Daman Upside Development Project. The agreement sets a daily charter hire rate of USD 37,000, providing clear revenue visibility for this asset. This deployment ensures continued utilization of the company's fleet in major offshore infrastructure projects.
Key Highlights
Charter hire rate for 'SEAMEC PRINCESS' fixed at USD 37,000 per day excluding GST
Vessel deployed for ONGC's Pipeline Replacement Project VIII and Daman Upside Development Project
Agreement signed as Addendum 02 to a subcontract originally dated March 20, 2025
Project involves the specialized installation of concrete mattresses in offshore pipelines
💼 Action for Investors
Investors should view this as a positive development for revenue stability; the fixed daily rate allows for clear modeling of the vessel's contribution to the top line during its deployment.
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Seamec Limited Announces Successful Deployment of Vessel SAMUDRA SEVAK on Hire
Seamec Limited has officially commenced the deployment of its vessel, SAMUDRA SEVAK, which was placed on hire starting March 29, 2026. This follows a previous notification on March 13, 2026, regarding the contract arrangement. The timely deployment of this asset is a positive operational milestone, ensuring the vessel begins generating revenue for the company. Investors should view this as a stabilization of asset utilization within their offshore support fleet.
Key Highlights
Vessel 'SAMUDRA SEVAK' was officially put on hire as of March 29, 2026, at 02:21 hours.
The deployment follows a prior corporate intimation dated March 13, 2026.
The move ensures immediate revenue generation from the specific offshore asset.
The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015.
💼 Action for Investors
Investors should monitor the company's fleet utilization rates and upcoming quarterly results to see the financial impact of this deployment. The stock remains sensitive to offshore contract wins and vessel day rates.
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Seamec Consortium Secures ₹330 Crore ONGC Contract for MSV Samudra Prabha
Seamec Limited, in a consortium with Supreme Hydro Pvt Ltd, has been awarded a significant contract by ONGC for the Operation & Maintenance (O&M) of the vessel 'Samudra Prabha'. The contract is valued at approximately ₹329.92 crores (inclusive of GST) and spans a duration of 698 days. The project is scheduled to commence within 60 days of the award date, which was March 26, 2026. This win provides the company with strong revenue visibility in the offshore services segment through 2028.
Key Highlights
Contract awarded by ONGC for O&M services of the Multi-Support Vessel (MSV) 'Samudra Prabha'.
Total contract value is approximately ₹329.92 crores inclusive of GST.
The tenure of the contract is 698 days, providing long-term service revenue.
Operations are expected to commence by late May 2026.
The contract was won through a consortium with Supreme Hydro Pvt Ltd.
💼 Action for Investors
This contract win is a positive development that strengthens Seamec's order book and ensures steady cash flow for the next two years. Investors should monitor the company's execution capabilities and the impact on operating margins.
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Seamec Limited Consortium Bags ₹410.74 Crore ONGC Contract for MSV Samudra Sevak
Seamec Limited, in consortium with Supreme Hydro Pvt Ltd, has secured a significant contract from ONGC for the Operation & Maintenance (O&M) of the vessel 'Samudra Sevak'. The total contract value is approximately ₹410.74 crore inclusive of GST, providing strong revenue visibility for the next two years. The project has a tenure of 738 days and is expected to commence within 60 days of the award date. This win reinforces Seamec's position in the domestic offshore services market and strengthens its order book.
Key Highlights
Contract awarded by ONGC to a consortium of Seamec Limited and Supreme Hydro Pvt Ltd
Total contract value is approximately ₹410,74,12,440 (₹410.74 crore) inclusive of GST
The tenure of the contract is 738 days for O&M services of MSV 'Samudra Sevak'
Work is scheduled to commence within 60 days from the Notification of Award dated March 13, 2026
💼 Action for Investors
Investors should view this as a positive development that secures medium-term revenue for the company. Monitor the company's ability to maintain margins on this consortium project in future earnings reports.
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Seamec Limited Vessel SEAMEC II Resumes ONGC Contract After Inspection
Seamec Limited has announced that its vessel, SEAMEC II, has successfully completed its regulatory Flag State Inspection. The vessel sailed back to the field on March 1, 2026, at 11:45 hrs to resume its existing contract with ONGC. This return to service follows a brief off-hire period that was previously notified on February 25, 2026. The prompt resumption of operations minimizes downtime and ensures the continuation of revenue generation from this asset.
Key Highlights
Vessel SEAMEC II resumed operations on March 1, 2026, at 11:45 hrs.
The vessel has returned to the field to continue its contract with ONGC.
Deployment follows the successful completion of a mandatory Flag State Inspection.
The vessel was off-hire for a short duration starting from February 25, 2026.
💼 Action for Investors
Investors should note the efficient turnaround of the vessel from inspection to deployment, which supports steady operational cash flows. No immediate action is required as this is a routine resumption of a contracted asset.
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Seamec Extends SEAMEC II Vessel Contract with ONGC Until August 2026
Seamec Limited has announced a further extension of its charter hire contract with ONGC for the vessel SEAMEC II. The contract is now extended until August 25, 2026, ensuring continued revenue visibility from this specific asset. All original terms and conditions of the contract remain unchanged, maintaining the existing margin profile. This extension follows a previous update in July 2025, indicating steady operational deployment with a key client.
Key Highlights
Charter hire contract for Vessel SEAMEC II extended until August 25, 2026
Contract extension notified by Oil and Natural Gas Corporation (ONGC)
All original terms and conditions of the contract remain unchanged
Provides revenue certainty and asset utilization for the company through mid-2026
💼 Action for Investors
Investors should view this as a positive development for revenue stability. The continued deployment of SEAMEC II with a major client like ONGC reduces idle time risk for the fleet.
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Seamec Limited Reports Record Q3 FY26 Results with 138% Revenue Growth and ₹100 Cr PAT
Seamec Limited achieved its highest-ever quarterly revenue and profitability in Q3 FY26, driven by record vessel deployment and efficient execution. Consolidated revenue surged 138% YoY to ₹331 crore, while PAT turned around from a loss to a profit of ₹100 crore. The company is in the process of acquiring the vessel 'Anant,' expected to be deployed in Q1 FY27, which will further boost growth. Management maintains a strong balance sheet with zero net debt and expects sustained demand in the offshore energy services sector.
Key Highlights
Consolidated revenue grew by 138% YoY to ₹331 crore in Q3 FY26
EBITDA reached ₹150 crore compared to ₹34 crore in the previous year's quarter
Reported a PAT of ₹100 crore, a significant recovery from a ₹3 crore loss in Q3 FY25
Vessel 'Swordfish' commands a high day rate of $75,000, contributing to margin expansion
Acquisition of vessel 'Anant' to be completed this fiscal, with deployment scheduled for Q1 FY27
💼 Action for Investors
Investors should view the strong earnings turnaround and high asset utilization as a positive sign of operational efficiency. The zero net-debt status and upcoming vessel additions provide a clear growth trajectory for the next financial year.
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Seamec Q3 FY26: Record Performance with 139% Revenue Growth and ₹101 Cr PAT
Seamec Limited reported its highest-ever quarterly revenue and profit in Q3 FY26, driven by peak vessel deployment and the early completion of a major turnkey project for ONGC. Standalone revenue jumped 139% YoY to ₹316.5 crore, while PAT rose to ₹101.3 crore from just ₹2.3 crore in the previous year. The company's EBITDA margin saw a significant expansion to 45.4%, reflecting strong operational leverage and high-value contracts. Financially, the company remains robust with a net debt-free position and an 18% ROCE.
Key Highlights
Standalone Q3 FY26 Revenue increased 139% YoY to ₹316.5 crore and 246% QoQ.
Standalone PAT for Q3 FY26 stood at ₹101.3 crore vs ₹2.3 crore YoY, marking a record high.
EBITDA surged 296% YoY to ₹143.7 crore with margins improving to 45.4% from 27.4% YoY.
Maintains a strong balance sheet with a negative Net Debt/EBITDA of -0.01x and 18% ROCE.
Operational success includes early completion of ONGC's NLM 9 platform revamping and full deployment of major vessels.
💼 Action for Investors
The stock is likely to react positively to these record earnings and the significantly improved margin profile. Investors should monitor the integration of new vessels like Seamec Agastya and the upcoming acquisition of Seamec Anant for continued growth.
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Seamec Vessel SEAMEC AGASTYA Resumes Operations Following Technical Redressal
Seamec Limited has announced that its vessel, SEAMEC AGASTYA, has successfully returned to service. The vessel was previously off-hire due to technical issues since approximately January 13, 2026, but has now been on-hired effective January 16, 2026, at 22:00 hours. This quick turnaround of approximately three days minimizes the period of non-earning for the asset. The prompt deployment ensures the vessel resumes generating revenue for the company's offshore operations.
Key Highlights
Vessel SEAMEC AGASTYA returned to field and was on-hired on January 16, 2026, at 22:00 hours.
The deployment follows successful technical redressal of the vessel.
The downtime lasted approximately 3 days from the initial off-hire report on January 13, 2026.
Disclosure submitted under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
💼 Action for Investors
Investors should view this as a positive operational recovery that limits potential revenue leakage from technical downtime. No immediate action is required, but fleet utilization remains a key metric to track for Seamec's quarterly performance.
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Seamec Limited Vessel SEAMEC AGASTYA Commences Charter for ONGC Contract
Seamec Limited has announced that its vessel, SEAMEC AGASTYA, officially commenced its charter with HAL Offshore Limited on January 2, 2026, at 22:00 hours. This deployment is part of an ongoing contract for ONGC, marking a transition from its previous status updates in December 2025. The commencement of operations ensures that the vessel is now actively generating revenue for the company. This operational milestone is a positive sign for asset utilization and top-line growth.
Key Highlights
Vessel SEAMEC AGASTYA commenced charter on January 2, 2026, at 22:00 hrs.
The charter is with HAL Offshore Limited for an ongoing ONGC project.
Follows previous regulatory updates provided on December 4 and December 8, 2025.
Ensures immediate asset utilization and revenue visibility for the company's offshore segment.
💼 Action for Investors
Investors should view this as a positive operational development that confirms the vessel is back in service and earning. Monitor the next quarterly results to quantify the revenue impact from this specific deployment.
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Seamec Deploys Vessel 'SEAMEC III' for Multiple Pipeline and DSF II Projects
Seamec Limited has announced the deployment of its vessel 'SEAMEC III' for several offshore projects starting December 25, 2025. The vessel has sailed to commence work on the second Part Replacement Pipeline Project and the Pipeline Replacement Project – Group A (PRP-VIII A). Additionally, the vessel will be utilized for the DSF II Project. This deployment ensures high asset utilization and follows a prior notification issued by the company on December 11, 2025.
Key Highlights
Vessel 'SEAMEC III' commenced sailing for project work on December 25, 2025, at 05:30 hrs.
The deployment covers the second Part Replacement Pipeline Project and PRP-VIII A.
The vessel is also assigned to the DSF II Project for offshore operations.
This operational update follows a previous regulatory intimation dated December 11, 2025.
💼 Action for Investors
Investors should view this as a positive operational development that ensures revenue visibility through high fleet utilization. Monitor the company's upcoming quarterly earnings to assess the margin impact of these specific offshore contracts.
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Seamec Awards USD 3.25 Million Diving Services Contract for ONGC Projects
Seamec Limited has awarded a contract worth approximately USD 3.25 million to Adsun Offshore Diving Contractors Pvt Ltd for specialized diving services. These services will be performed on the vessel SEAMEC III to support ONGC's Pipeline Replacement Project (PRP-VIII A) and DSF II Project. The contract is scheduled for execution during the 2025-26 working season. This sub-contracting arrangement is a critical step for Seamec to fulfill its larger service obligations to ONGC.
Key Highlights
Contract value of approximately USD 3.25 million awarded to Adsun Offshore Diving Contractors.
Services include riser surveys, removals, and installations for ONGC's offshore projects.
Work will be executed on the SEAMEC III vessel during the 2025-26 working season.
The award is a domestic contract and does not involve any related party transactions.
💼 Action for Investors
Investors should view this as a positive operational update that ensures the company is equipped to execute its existing high-value contracts with ONGC. Monitor the progress of the SEAMEC III vessel's deployment in the upcoming working season.
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Seamec Bags USD 16.72 Million Subcontract for Vessel Charter Hire from G R Infraprojects
Seamec Limited has secured a significant subcontract from G R Infraprojects Limited for the charter hire of its vessel 'SEAMEC III'. The vessel will be utilized for subsea installation and diving works for ONGC's pipeline replacement and DSF II projects. The contract is valued at approximately USD 16.72 million (approx. INR 140 crore) for a duration of 150 days. This contract win ensures high vessel utilization and provides strong revenue visibility for the upcoming operational season.
Key Highlights
Total contract value is approximately USD 16.72 million excluding GST
The tenure of the subcontract is fixed for a period of 150 days
Vessel 'SEAMEC III' will be deployed for ONGC's subsea installation and diving works
The project involves work on ONGC's PRP-VIII A and DSF II pipeline replacement projects
💼 Action for Investors
Investors should view this as a positive development for short-term revenue growth and vessel utilization; maintain a watch on the timely execution of the 150-day contract.
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Seamec Limited Vessel SEAMEC AGASTYA Arrives in India Post-Drydock to Begin Charter
Seamec Limited has confirmed the arrival of its vessel SEAMEC AGASTYA in India on December 5, 2025, following the completion of drydocking in Colombo. The vessel is currently undergoing mandatory customs formalities and other regulatory compliances. Once these are finalized, the vessel will sail to its designated field to commence its charter contract. This return to service is a positive operational development as the asset moves toward revenue generation.
Key Highlights
Vessel SEAMEC AGASTYA arrived in India on December 5, 2025, at 21:30 hours.
The vessel successfully completed its scheduled drydocking procedures in Colombo.
Currently completing customs and regulatory formalities before sailing to the field.
Commencement of the charter will be announced once the vessel is ready to move.
💼 Action for Investors
Investors should watch for the follow-up announcement regarding the official start of the charter to assess the impact on quarterly revenue. The return of the vessel to active duty is a positive sign for operational capacity.