SEAMEC Awards Diving Services Contract to Adsun Offshore
ECONOMY & POLICY

SEAMEC Awards Diving Services Contract to Adsun Offshore

SEAMEC Limited has awarded a diving services contract worth approximately Rs 248 (USD two point nine eight million) to Adsun Offshore Diving Contractors Private Limited. The contract will support Oil and Natural Gas Corporation Limited’s Pipeline Replacement Project VIII and the Daman Upside Development Project.

The services to be provided include jacket face surveys, riser removals, free span corrections, and installation of bow strings and clamps. Work will be carried out aboard the vessel SEAMEC PRINCESS during the working seasons of financial years 2024-25 and 2025-26.

The award was finalised on May 15, and the contract has been issued to a domestic contractor. SEAMEC confirmed there is no promoter interest involved, and the deal does not qualify as a related party transaction.

This project is expected to enhance offshore infrastructure and support critical subsea development for ONGC, reinforcing SEAMEC’s capabilities in specialised marine engineering services.

Source:SEAMEC Limited

SEAMEC Limited has awarded a diving services contract worth approximately Rs 248 (USD two point nine eight million) to Adsun Offshore Diving Contractors Private Limited. The contract will support Oil and Natural Gas Corporation Limited’s Pipeline Replacement Project VIII and the Daman Upside Development Project.The services to be provided include jacket face surveys, riser removals, free span corrections, and installation of bow strings and clamps. Work will be carried out aboard the vessel SEAMEC PRINCESS during the working seasons of financial years 2024-25 and 2025-26.The award was finalised on May 15, and the contract has been issued to a domestic contractor. SEAMEC confirmed there is no promoter interest involved, and the deal does not qualify as a related party transaction.This project is expected to enhance offshore infrastructure and support critical subsea development for ONGC, reinforcing SEAMEC’s capabilities in specialised marine engineering services.Source:SEAMEC Limited

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement