News ArticleSeamec Consortium Wins USD 26.14 Million Subsea Installation Contract from L&T for ONGC PRP-X Project
Contract awarded for pipeline replacement works to be completed by May 2027 with Seamec and Posh India Offshore as contractors
Seamec Limited, in consortium with Posh India Offshore, has been awarded a USD 26.14 million contract by Larsen & Toubro for subsea installation works on ONGC's PRP-X pipeline replacement project, with completion scheduled by May 2027.
Seamec Limited
Order Wins
Seamec Limited, together with Posh India Offshore Private Limited, secured a USD 26.14 million contract from Larsen & Toubro's Energy Hydrocarbon Division for subsea installation works as part of ONGC’s PRP-X pipeline replacement project.
The contract was awarded by the domestic entity Larsen & Toubro Limited and covers subsea installation associated with the pipeline replacement project PRP-X for ONGC.
The work under this lumpsum contract value of USD 26.14 million, exclusive of GST, is scheduled to be completed by May 2027.
The contract does not involve any related party transactions and there is no interest of promoters or promoter group in Larsen & Toubro Limited.
Seamec Limited has committed to inform stakeholders upon the commencement of the project.
Highlights
- Contract awarded by Larsen & Toubro Limited's Energy Hydrocarbon Division.
- Seamec Limited and Posh India Offshore form the consortium for execution.
- Contract value: USD 26.14 million exclusive of GST.
- Scope involves subsea installation for ONGC’s PRP-X pipeline replacement project.
- Project completion target: May 2027.
- No related party interest or transactions involved.
Key Data Snapshot
What happened
- Seamec Limited, along with Posh India Offshore Private Limited, received a Letter of Award from Larsen & Toubro Limited.
- The consortium will execute subsea installation work for ONGC’s PRP-X pipeline replacement project.
- The contract value for Seamec’s scope is USD 26.14 million exclusive of GST.
- The project completion is expected by May 2027.
Key details
- The awarding entity is a domestic company: Larsen & Toubro Limited (L&T Energy Hydrocarbon Division).
- The contract is awarded in the normal course of business of Seamec Limited.
- There is no promoter or promoter group interest in Larsen & Toubro Limited.
- The contract does not constitute a related party transaction and is at arm’s length.
Next milestones
- Seamec Limited will notify the market upon commencement of the project work.
- Execution of the contract is scheduled to complete by May 2027.
Highlights
- Contract awarded by Larsen & Toubro Limited's Energy Hydrocarbon Division.
- Seamec Limited and Posh India Offshore form the consortium for execution.
- Contract value: USD 26.14 million exclusive of GST.
- Scope involves subsea installation for ONGC’s PRP-X pipeline replacement project.
- Project completion target: May 2027.
- No related party interest or transactions involved.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI circular dated January 30, 2026
No related party transaction involved in the contract.
No promoter or promoter group interest in the awarding entity Larsen & Toubro Limited.
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