| SEAMEC update on deployment of vessel 'SEAMEC III' |
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| SEAMEC has entered into a subcontract with G R Infraprojects for Charter Hire of the company's Vessel “SEAMEC III” for deploying in second season subsea installation and diving works in Part Replacement Pipeline Project, Pipeline Replacement Project – Group A (PRP-VIII A) and DSF II Project of Oil and Natural Gas Corporation (ONGC) on lumpsum basis. <p> The tenure of the subcontract is for 150 days. The total value of the subcontract is approximately USD 16.72 million exclusive of GST. |