Seamec wins USD 26 million L&T subsea work for ONGC PRP-X project
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Reviewed byRachit TripathiBlacklitt Research
Seamec (NSE: SEAMECLTD) has been awarded a share of a subsea installation contract for ONGC's PRP-X project by Larsen and Toubro, with Seamec's scope valued at USD 26.14 million exclusive of GST, it said in a filing on 07 Nov 2026. The consortium partner is Posh India Offshore Private Limited.
Key highlights
- Estimated order size: USD 26.14 million exclusive of GST
- Work completion deadline: May 2027
- Awarding entity: Larsen and Toubro Limited (L&T Energy Hydrocarbon Div)
- Order type: Domestic, normal course of business
The contract in numbers
| Item | Detail |
|---|---|
| Awarded by | Larsen and Toubro Limited (L&T Energy Hydrocarbon Div) |
| Work | Subsea installation works for the PRP-X pipeline replacement project of ONGC |
| Letter of Award no. | ONGC/PRPX/LOA/PIOPL-SL/01 |
| Seamec's scope value | USD 26.14 million exclusive of GST |
| Consortium | Seamec Limited and Posh India Offshore Private Limited |
| Completion | By May 2027 |
| Domestic or international | Domestic |
| Received by Seamec | 06 Nov 2026 at 14:02 hours |
A subsea pipeline job within a consortium
The Letter of Award covers subsea installation works associated with the replacement of pipelines under the PRP-X project of ONGC. The award went to a consortium of Seamec and Posh India Offshore Private Limited, and the USD 26.14 million figure is the lumpsum value of Seamec's scope of work alone, excluding GST.
The company says the order is in the normal course of business and that the awarding entity is not a related party.
Timing and the scale of the award
The work is to be completed by May 2027, a period of roughly six months from the 07 Nov 2026 filing date. Seamec's scope value of USD 26.14 million is set against the company's latest quarter, Q1 FY27, when consolidated total income was ₹316.89 crore, so the award is a single contract in a larger revenue base.
The filing says the project will be intimated on commencement, so the start date is not yet given.
What the award means for Seamec's shareholders
The award adds a domestic subsea installation contract with a stated value for Seamec's scope and a completion date of May 2027. Seamec's share of the order is the figure given; the value of the whole consortium contract, Posh India's share and the expected effect on revenue or margin are not stated in the filing.
The next dated step in the filing is completion by May 2027. The start of the work will be intimated by the company once the project commences.
Filed with NSE on . Reference: Original filing (PDF)
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