MUMBAI — Oil and Natural Gas Corporation (ONGC) has awarded a significant contract worth ₹410.74 crore to a consortium of SEAMEC Limited and Supreme Hydro Pvt Ltd. The agreement covers the operation and maintenance (O&M) of ONGC’s Multi Support Vessel (MSV), Samudra Sevak.

Key Highlights:

• Project Scope: The consortium will handle O&M services for the offshore vessel, which is critical for logistics and maintenance in ONGC’s exploration fields.
• Duration: The contract spans a tenure of 738 days (approximately two years), covering the 2026–2028 period.
• Timeline: Operations are scheduled to commence within 60 days of the Notification of Award (issued March 13, 2026).
• Market Impact: The deal provides long-term business visibility for SEAMEC and strengthens the operational support infrastructure for India’s offshore energy production.

The contract was awarded through a competitive e-tender process and complies with SEBI’s latest disclosure regulations for domestic entities.