Seamec Limited — New Orders, 24-03-2025: Bagging/Receiving of orders/contracts

SEAMEC Limited has announced a board meeting regarding the awarding of a Letter of Award (LOA) by Larsen & Toubro Limited for subsea installation works associated with the Daman Upside Development Project (DUDP) and Pipeline Replacement Project VIII (PRP VIII). The project is set to be completed by May 2026. This contract, awarded to the consortium of SEAMEC and Posh India Offshore, marks a significant milestone for the company, potentially enhancing its operational portfolio and revenue stream. Investors may view this news positively, as it reflects strong collaboration in the domestic energy sector.