ABS Marine Services Limited — New Orders, 27-03-2025: Bagging/Receiving of orders/contracts

ABS Marine Services Limited has announced a board meeting on March 27, 2025, to discuss the commencement of a contract with Oil & Natural Gas Corporation (ONGC) for the charter hire of an Offshore Supply Vessel. The contract, valued at approximately ₹27.97 Crores inclusive of GST, has a tenure of 184 days with an additional 30 days. This strategic engagement with ONGC could bolster the company's revenue and strengthen its operational capabilities in the marine services sector. Investors may view this as a positive outlook, given the potential for increased business activity and enhanced market position.