Seamec stock nosedives by 5% after vessel 'Seamec Princess' gets contracted for $1.46M

The tenure of the contract is for a firm period of 21 days with the option for extension.

Nov 26, 2021 01:11 IST India Infoline News Service

Seamec Limited stock was under pressure on Friday. The company announced that its vessel "SEAMEC PRINCESS" has been contracted with Posh Subsea Pte. Ltd. for working at Mumbai High Offshore.

The tenure of the contract is for a firm period of 21 days with the option for extension.

The contract will commence between the window period of November 25 to November 30, 2021.

The aggregate Value of the Contract is about $1.46 million exclusives of GST.

At around 1.32 pm, Seamec was trading at an intraday low of Rs1025 per piece down by Rs50.35 or 4.7% on Sensex. 

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