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Seamec bags $26.14-million contract from L&T
09-Nov-2026 | 07:44
Seamec announced that it has received a contract worth $26.14 million, exclusive of GST, from Larsen & Toubro (L&T) Energy Hydrocarbon Division.
The contract involves subsea installation work associated with the Pipeline Replacement Project (PRP-X). The project is scheduled to be completed by May 2027.
SEAMEC for providing support services, including marine, construction and diving services to offshore oilfields and bulk carrier vessels for providing bulk carrier services. The company caters to both domestic and international markets.
The company?s consolidated net profit jumped 141% to Rs 103.48 crore in Q1 FY27 as against Rs 42.93 crore in Q1 FY26. Revenue from operations rose 63.8% year on year to Rs 327.07 crore in Q1 FY27.
Shares of Seamec rose 2.79% to close at Rs 1,517.70 on the BSE.
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