Seamec advances on entering into contract worth $1.1 million

23 Sep 2016

Seamec is currently trading at Rs. 88.65, up by 1.00 points or 1.14% from its previous closing of Rs. 87.65 on the BSE.

The scrip opened at Rs. 89.00 and has touched a high and low of Rs. 89.00 and Rs. 88.65 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 127.00 on 03-Nov-2015 and a 52 week low of Rs. 64.25 on 31-Mar-2016.

Last one week high and low of the scrip stood at Rs. 92.50 and Rs. 86.25 respectively. The current market cap of the company is Rs. 300.52 crore.

The promoters holding in the company stood at 72.87%, while Institutions and Non-Institutions held 0.64% and 26.48% respectively.

Seamec has entered into a charter party with Sanat Gostar Kish Co for charter hire of the company’s vessel ‘SEAMEC Princess’ for working in Persian Gulf for a period of 50 days with option for extension thereafter by mutual agreement. The charter commenced with effect from September 11, 2016 and the total value of the contract is $1,100,000.

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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