Mumbai, March 25 -- The contract involves subsea installation work for the Daman Upside Development Project (DUDP) and Pipeline Replacement Project PRP-VIII, including the MUT scope, for ONGC.

The pipeline replacement and infrastructure development is expected to be completed by May 2026, with financial details and consortium sharing values currently being finalized.

Seamec operates in two distinct verticals of the shipping business - offshore support vessels & services and bulk carrier charter business. The company owns six vessels and one barge in the offshore support business wherein the vessels are deployed in the domestic and international market.

The company has reported a consolidated net profit of Rs 0.11 crore in the quarter e...