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Seamec soars on entering into contract with IGOPL Offshore

Seamec is currently trading at Rs. 143.15, up by 6.75 points or 4.95% from its previous closing of Rs. 136.40 on the BSE.

The scrip opened at Rs. 140.60 and has touched a high and low of Rs. 145.50 and Rs. 137.70 respectively. So far 3498 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.00 on 07-Aug-2017 and a 52 week low of Rs. 77.85 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 145.50 and Rs. 134.25 respectively. The current market cap of the company is Rs. 357.73 crore.

The promoters holding in the company stood at 69.57%, while Institutions and Non-Institutions held 3.94% and 26.49% respectively.

Seamec has entered into a contract for Charter Hire of Vessel ‘SEAMEC III’ with IGOPL Offshore for undertaking a job in Mumbai Offshore.

The tenure of the contract is for about 10 days with option for extension. The contract will commence from around the October 13, 2017. The value of charter during firm period is Rs 1.92 crore.

Seamec is engaged in the business of operating multi-support vessels for diving and for providing underwater/sub-sea engineering services, deep sea diving, and inspection of underwater structures, repairs and maintenance of offshore platform fire-fighting services and rescue operations.

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