Latest news with #NLM9
Business Standard
08-07-2025
- Business
- Business Standard
SEAMEC secures a contract worth Rs 39.20 cr
From Oil & Natural Gas CorpnSEAMEC announced that Oil & Natural Gas Corpn, vide its Notification of Award (NOA) contract dated 08 July 2025, has awarded a contract for repair/ replacement of Spider Deck Members of Platform NLM9 in Western Offshore. The contract is to be executed within a period not exceeding 90 days commencing around 16 October 2025. The total contract value will be Rs. 39.20 crore inclusive of GST and other taxes and duties. Powered by Capital Market - Live News
Business Upturn
08-07-2025
- Business
- Business Upturn
Seamec wins Rs 39.2 crore ONGC contract for offshore platform repairs
By Aditya Bhagchandani Published on July 8, 2025, 18:52 IST Seamec Limited has secured a contract from Oil and Natural Gas Corporation Limited (ONGC) for repair and replacement work at one of its offshore platforms. The company disclosed to stock exchanges on July 8, 2025, that ONGC awarded the contract via Notification of Award (NOA) under contract no. GEMC-511687779259815, dated the same day. Key highlights of the contract: Scope of work: Repair and replacement of Spider Deck Members of Platform NLM9 in the Western Offshore region. Total contract value: ₹39.2 crore (inclusive of GST and all other taxes and duties). Execution timeline: Not exceeding 90 days, starting around October 16, 2025 . Nature of order: Domestic, in the normal course of business. Promoter interest: None; this is not a related party transaction. The order will strengthen Seamec's portfolio in offshore engineering services. The company noted that the financial impact would reflect in its results in line with the execution schedule. The disclosure was signed by S.N. Mohanty, President – Corporate Affairs, Legal, and Company Secretary. Seamec is part of the MMG Group and specializes in offshore construction, diving support, and maintenance services for oil & gas infrastructure. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
