Seamec share price gains on bagging order worth Rs 411 crore from ONGC

Seamec

Seamec share price rose in the opening trade on March 16 following the company won a contract worth Rs 410,74,12,440 from ONGC.

At 09:40am, Seamec was quoting at Rs 1,351.85, up Rs 22.70, or 1.71 percent, on the BSE.

Oil and Natural Gas Corporation has issued Notification of Award (NOA) to the consortium of SEAMEC and Supreme Hydro for hiring of operation & maintenance (O&M) services for ONGC owned MSV "Samudra Sevak" for 2026-2028.

The tenure is for 738 days and will commence within 60 days from the date of the NOA.

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In the month of February, the company’s vessel, SEAMEC PRINCESS, has been charter-hired by Supreme Offshore Construction & Technical Services for operations in ONGC’s oilfields on the west coast of India. The total value of the contract is approximately US$ 0.46 million.

In the last nine months, the share price rose more than 54 percent.

In the previous trading session, the share closed at Rs 1,329.15, down Rs 6.10, or 0.46 percent.

The share touched a 52-week high of Rs 1,446.80 and a 52-week low of Rs 753.00 on 17 February, 2026 and 06 August, 2025, respectively.

Currently, the stock is trading 8.13 percent below its 52-week high and 76.51 percent above its 52-week low.

The market capitalisation of the company stands at Rs 3,379.36 crore.