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Seamec jumps on entering into contract worth $18 million with Leighton Welspun Contractors

07 Aug 2012 Evaluate

Seamec is currently trading at Rs. 91.35, up by 7.25 points or 8.62% from its previous closing of Rs. 84.10 on the BSE.

The scrip opened at Rs. 86.50 and has touched a high and low of Rs. 94.00 and Rs. 85.20 respectively. So far 11,280 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.10 on 28-Oct-2011 and a 52 week low of Rs. 75.00 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 94.00 and Rs. 82.00 respectively. The current market cap of the company is Rs. 309.00 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 7.37% and 17.63% respectively.

Seamec has entered into a contract valued at approximately $18 million with Leighton Welspun Contractors for charter hire of the vessel along with diving for ONGC PRP Project III for Season 2012 - 2013 and Season 2013 - 2014. The job for each season is 180 days and the first season job will commence around early October 2012.

Besides, the company had also entered into a Charter Party with Integrated Subsea Engineering & Services L.L.C, Sharjah, UAE for deployment of vessel in offshore Arabian Gulf for a period of 30 days with option for extension. The contract commenced from July 05, 2012 and the deployment of the aforesaid vessel in Offshore Arabian Gulf will continue till end of August 2012 approximately.

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.

Seamec Share Price

1555.00 -2.75 (-0.18%)
21-Apr-2026 10:31 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 297.65
GE Shipping 1449.70
Dredging Corp 998.70
Seamec 1555.00
Shreeji Ship.Global 378.25
View more..

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