Seamec Ltd Secures Rs. 392 Million Subsea Installation Contract from L&T for ONGC Projects

Image Source: EquityBulls

Seamec Ltd has bagged a significant contract valued at Rs. 392 million for subsea installation works, awarded by Larsen & Toubro’s Energy Hydrocarbon Division. The project is part of ONGC’s Daman Upside Development Project (DUDP) and Pipeline Replacement Project VIII (PRPVIII), reinforcing Seamec’s position as a key player in India’s offshore infrastructure ecosystem.

Key highlights of the contract award

The contract was granted to a consortium comprising Seamec Ltd and Posh India Offshore Pvt Ltd
Scope includes subsea installation activities, including pipeline laying and associated underwater construction tasks
The work is scheduled for completion by May 2026, with execution already underway as of March 2025

Strategic relevance and operational scope

The project supports ONGC’s efforts to upgrade offshore assets and enhance hydrocarbon recovery in the western offshore basin
Seamec will deploy its fleet of Diving Support Vessels (DSVs), including SEAMEC PRINCESS and SEAMEC PALADIN, for the operation
The consortium model allows Seamec to leverage Posh India’s specialized marine logistics and deepwater capabilities

Market impact and growth outlook

The Rs. 392 million contract adds to Seamec’s growing order book, which includes EPC infrastructure and bulk carrier operations
Analysts expect the deal to contribute meaningfully to FY26 revenues and strengthen Seamec’s subsea engineering credentials
The company continues to expand its footprint across offshore oilfield services, diving operations, and vessel charters

Sources: Seamec Ltd official website, BSE India, StockInsights.ai, L&T Energy Hydrocarbon Division.