SEAMEC Consortium Wins Rs 410 Crore ONGC Vessel Operation Contract

SEAMEC, in consortium with Supreme Hydro Engineering, has been awarded a Rs 410.74 crore contract by Oil and Natural Gas Corporation (ONGC) for operation and maintenance services of the vessel Samudra Sevak from 2026 to 2028. The 738-day contract will start within 60 days of notification. SEAMEC reported a consolidated net profit of Rs 99.62 crore in Q3 FY26, with revenue rising 112.3% year-on-year. The company’s shares have seen significant gains over the past nine months.