Seamec trades flat despite contract with ONGC

Seamec in consortium with its partner Kreuz Subsea has entered in a contract with ONGC for chartering the Kreuz Glorious barge for two seasons.

Jul 05, 2018 06:07 IST India Infoline News Service

Seamec
Seamec in consortium with its partner Kreuz Subsea has entered in a contract with ONGC for chartering the Kreuz Glorious barge for two seasons. Despite this announcement, the Seamec's stock was trading flat.

Kreuz Glorious is a versatile construction work barge used for sub-sea construction activities. 

The company, meanwhile, is India's leading provider of diver support vessel-based diving services. It also provides utility services and bulk carrier Services. Further, it boasts of unparalleled experience in the ongoing subsea inspection, repair, maintenance, and light construction required for the efficient and productive support of offshore oil production.

The enterprise is currently trading at Rs268 down by Rs0.25 or 0.09% from its previous closing of Rs268.25 on the BSE.
The scrip opened at Rs273 and has touched a high and low of Rs273 and Rs268 respectively. So far 9,402 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs682.03cr.

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