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What is the story about?
SEAMEC has announced that its vessel “SEAMEC III” has sailed for the commencement of its second Part Replacement Pipeline Project. This is a part of the second Part Replacement Pipeline Project, the Pipeline Replacement Project – Group A (PRP-VIII A) and the DSF II Project.
On December 18, the company announced that it had given a letter of award to Adsun Offshore Diving Contractors Pvt Ltd for providing diving-related services on board the vessel Seamec III.
Earlier, on December 16, the marine services company announced that the vessel had completed the Charter with A.D. ENGINEERS & CONTRACTORS LLP.
The scope of work includes the part replacement pipeline project, the pipeline replacement project – group A (PRP-VIII A), and the DSF II project of Oil and Natural Gas Corporation Ltd (ONGC).
Also Read:Outlook 2026 | How PropTech is going to outrun India’s construction sites
The MM Agrawal Group company operates in two varied verticals of the shipping business: offshore support vessels and services, along with its bulk carrier charter business.
The Mumbai-based entity owns six vessels and one barge in the offshore support business.
These aforementioned vessels are deployed in the domestic and international markets.
When we take a look at the company's recent performance in the equity markets, the company shares closed in red on Wednesday, with a decline of 0.96% or ₹9.90. However, over the past 3 months of trade, the company's shares have seen a rise of 12.55%. The current price stands at ₹1,021.80 per share.
On December 18, the company announced that it had given a letter of award to Adsun Offshore Diving Contractors Pvt Ltd for providing diving-related services on board the vessel Seamec III.
Earlier, on December 16, the marine services company announced that the vessel had completed the Charter with A.D. ENGINEERS & CONTRACTORS LLP.
The scope of work includes the part replacement pipeline project, the pipeline replacement project – group A (PRP-VIII A), and the DSF II project of Oil and Natural Gas Corporation Ltd (ONGC).
Also Read:Outlook 2026 | How PropTech is going to outrun India’s construction sites
The MM Agrawal Group company operates in two varied verticals of the shipping business: offshore support vessels and services, along with its bulk carrier charter business.
The Mumbai-based entity owns six vessels and one barge in the offshore support business.
These aforementioned vessels are deployed in the domestic and international markets.
When we take a look at the company's recent performance in the equity markets, the company shares closed in red on Wednesday, with a decline of 0.96% or ₹9.90. However, over the past 3 months of trade, the company's shares have seen a rise of 12.55%. The current price stands at ₹1,021.80 per share.
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