Seamec Wins $26.14 Million ONGC Project Contract

SEAMECLTD LIMITED: Seamec Limited has been awarded a contract valued at USD 26.14 million by Larsen & Toubro for subsea installation works under ONGC's PRP-X project. The contract marks an important project development for the company and adds to its order-related business activities in the offshore energy and subsea installation segment. Under the awarded contract, Seamec will undertake subsea installation works associated with ONGC's PRP-X project. The contract has been placed by Larsen & Toubro, with the total value specified at USD 26.14 million. The scheduled completion timeline for the work is May 2027. The project brings together three key participants: ONGC as the project owner, Larsen & Toubro as the company awarding the contract, and Seamec Limited as the contractor responsible for carrying out the specified subsea installation activities. The assignment highlights Seamec's participation in specialised offshore project work and provides a defined execution timeline extending into 2027. The contract value and completion schedule are key details of this corporate announcement. Successful execution will remain an important factor to monitor over the project period. Market participants may track further company disclosures for updates on project execution, progress and any additional order announcements. Overall, the USD 26.14 million contract represents a notable business update for Seamec Limited, with subsea installation works under ONGC's PRP-X project scheduled to be completed by May 2027. This information is shared strictly as a corporate and market update for informational purposes and should not be considered investment advice, research analysis, or a recommendation to buy or sell any security.