Seamec strengthens on entering into contract worth $2.975 million

17 Jun 2014

Seamec is currently trading at Rs. 118.80, up by 1.10 points or 0.93% from its previous closing of Rs. 117.70 on the BSE.

The scrip opened at Rs. 121.85 and has touched a high and low of Rs. 121.85 and Rs. 117.50 respectively. So far 4513 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 127.55 on 13-Jun-2014 and a 52 week low of Rs. 38.10 on 08-Aug-2013.

Last one week high and low of the scrip stood at Rs. 127.55 and Rs. 111.95 respectively. The current market cap of the company is Rs. 402.73 crore.

The promoters holding in the company stood at 75% while Institutions and Non-Institutions held 4.82% and 20.18% respectively.

Seamec has undertaken charter hire for ‘SEAMEC III’ with Technip France, Abu Dhabi. The tenure of the contract would be around 75 days with option for extension. The total contract value for the firm period would be around $2.975 million approximately.

The said vessel ‘SEAMEC III’ has completed charter with Leighton Welspun Contractors on May 15, 2014 and has sailed on June 09, 2014 to Dubai to undertake the above contract.

Seamec is engaged in the business of operating multi-support vessels for diving and for providing underwater/sub-sea engineering services, deep sea diving, and inspection of underwater structures, repairs and maintenance of offshore platform fire-fighting services and rescue operations.

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