ONGC awards ₹410.74 crore O&M contract to SEAMEC consortium
pre-market1 source ↓written by the desknot a recommendation
- contract for Operation
- ₹410.74 crore
- a period
- 738 days
- from the award
- 60 days
Oil and Natural Gas Corporation Limited (ONGC) awarded a ₹410.74 crore contract for Operation and Maintenance services of the Multi Support Vessel (MSV) Samudra Sevak to a consortium led by SEAMEC Limited. The contract, effective from March 2026 for a period of 738 days, is crucial for supporting offshore operations.
This contract may enhance operational efficiency in ONGC's offshore projects and positively impact SEAMEC's revenue stream. Operations are set to commence within 60 days from the award date.
Not investment advice. For informational purposes only.