ONGC Awards Rs 3,299.2 mn O&M Contract to SEAMEC Consortium

02 Apr 2026 CW Team

The scope of the O&M engagement encompasses comprehensive operation, technical maintenance, crew management and logistical support required for continuous offshore duties. Samudra Prabha is deployed for sub-sea inspection, repair and maintenance as well as emergency response across the western and eastern offshore basins. The services are intended to ensure the vessel remains available for round-the-clock support of exploration and production activities.

The award reinforces ONGC’s ability to sustain offshore operational capability without immediate capital expenditure on new vessels while supporting its efforts to boost domestic oil and gas output. ONGC continues to modernise its marine fleet to meet exploration targets in deep-water and ultra-deep-water blocks and to uphold safety standards. The long-term arrangement is expected to contribute to efficient asset management and operational continuity.

For SEAMEC the contract significantly strengthens revenue visibility and offshore order book, providing multi-year cash flow stability and higher utilisation of marine assets. The company reported a consolidated net profit of Rs 996.2 mn in the third quarter of fiscal 2026 and revenue of Rs 3,170.5 mn, and the order follows a history of vessel charters and maintenance contracts with ONGC. Market reaction was positive with shares rising around zero point five per cent to Rs 1,429 in early trading. Analysts regard the development as favourable for both parties and anticipate further O&M awards as India pursues energy security and higher offshore production.

Oil and Natural Gas Corporation has awarded Rs 3,299.2 million (Rs 3,299.2 mn) to a consortium led by SEAMEC Limited for operation and maintenance of the multi-support vessel Samudra Prabha for a period of 698 days covering 2026–2028. The Notification of Award issued by ONGC states that work under the contract is scheduled to commence within 60 days and that the consortium comprises SEAMEC Limited and Supreme Hydro Private Ltd. The contract value is inclusive of GST and was announced on 27 March 2026. The scope of the O&M engagement encompasses comprehensive operation, technical maintenance, crew management and logistical support required for continuous offshore duties. Samudra Prabha is deployed for sub-sea inspection, repair and maintenance as well as emergency response across the western and eastern offshore basins. The services are intended to ensure the vessel remains available for round-the-clock support of exploration and production activities. The award reinforces ONGC’s ability to sustain offshore operational capability without immediate capital expenditure on new vessels while supporting its efforts to boost domestic oil and gas output. ONGC continues to modernise its marine fleet to meet exploration targets in deep-water and ultra-deep-water blocks and to uphold safety standards. The long-term arrangement is expected to contribute to efficient asset management and operational continuity. For SEAMEC the contract significantly strengthens revenue visibility and offshore order book, providing multi-year cash flow stability and higher utilisation of marine assets. The company reported a consolidated net profit of Rs 996.2 mn in the third quarter of fiscal 2026 and revenue of Rs 3,170.5 mn, and the order follows a history of vessel charters and maintenance contracts with ONGC. Market reaction was positive with shares rising around zero point five per cent to Rs 1,429 in early trading. Analysts regard the development as favourable for both parties and anticipate further O&M awards as India pursues energy security and higher offshore production.

Infrastructure Transport

15 May 2026

MMRDA Removes 1.14 lakh m of Metro Barricades

In a bid to ease congestion and improve urban mobility during monsoon, MMRDA has undertaken one of the largest coordinated barricade removal and monsoon preparedness drives across its ongoing metro and infrastructure projects.With substantial progress achieved in viaduct and structural works across multiple metro corridors, barricades from completed stretches beneath metro viaducts are being systematically removed, restoring maximum possible road space before the monsoon. Wider carriageways across key arterial roads are expected to improve traffic flow, reduce congestion, support better rainwa..

Infrastructure Transport

15 May 2026

Pune Division to Remove All Diamond Crossings by Year-End

The Pune railway division has announced plans to remove all 16 diamond crossings by the end of 2026 as part of a major yard remodelling project following the derailment of a Vande Bharat Express at Pune Junction on April 27. Railway authorities said the replacements aim to improve safety and streamline train operations across the busy station. The decision followed a Central Railway finding that the accident involved a non-standard diamond crossing and highlighted the need for replacement. Regular maintenance of existing crossings will continue until the replacement work is completed. Official..

Infrastructure Urban

15 May 2026

Goa Declares 80 Million Square Metres No Development Zone

The Goa state government has declared 80 million square metres (mn) of land a no development zone, designating the area as protected from new construction. The notification reclassifies tracts across the state under a no development category for planning and regulatory purposes. The declaration signals a formal halt to new building permits within the defined zone. Authorities indicated that maps will be issued to show broad boundaries while detailed surveys will refine precise limits. The move transfers responsibility for enforcement to local planning authorities and relevant departments, whic..