Seamec share price jumps 2.9% on securing ₹329 crore work order from ONGC; check details

In its NSE filing, the company disclosed that ONGC has awarded a contract worth ₹329,92,34,688 or more than ₹329.92 crore, including GST, to the consortium comprising Seamec and Supreme Hydro Pvt. Ltd, for the hiring of operation and maintenance services for one of its diving support vehicles.

ONGC’s diving support vessel MSV ‘Samudra Prabha’ will go under maintenance from 2026 to 2028, as the service contract has a tenure of 698 days, effective to commence from 60 days after the allotment on Friday.

“We wish to inform you that Oil and Natural Gas Corporation Limited has, on March 13, 2026, issued a Notification of Award (NOA) dated 26th March 2026 to the Consortium of M/s. SEAMEC LIMITED and M/s. Supreme Hydro Pvt Ltd for Hiring of Operation & Maintenance (O&M) Services for ONGC Owned MSV ‘Samudra Prabha’ for 2026-2028,” the company informed the stock exchanges on Friday.

According to MarineTraffic data, MSV ‘Samudra Prabha’ is an ONGC-owned diving support vehicle with an overall length of 91.5 metres and a width of 17.42 metres, and was operating in the Western Coast of India as of March 27.

Seamec share price trend

Seamec share price closed 3.34% higher at ₹1,423 after the trading session on Wednesday, compared to ₹1,377 at the previous stock market close, according to NSE data. The Indian stock market remained closed for trading on Thursday, March 26, on account of the Shri Ram Navami holiday in the country.

As of 10:51 am on Friday, Seamec shares were trading 1.63% lower at ₹1,398.40 during the intraday session, compared to the previous market close, according to the exchange data.

Shares of Seamec have given stock market investors more than 210% returns on their investment in the last five years, and over 126% returns in the last three hours. The company shares have gained 47% in one year and is up 27.66% on a year-to-date (YTD) basis so far in 2026.

Seamec stock has risen 6.06% in one month, and is trading 1.23% higher over the last five market sessions, according to NSE data.

The company shares hit its 52-week high of ₹1,463.90 on Friday, March 27, 2026, while the 52-week low level was at ₹752.55 on August 6, 2026. Seamec's market capitalisation (M-Cap) stood at ₹3,563.57 crore as of the trading session on Friday.