Company Profile

SEAMEC LTD.

NSE : SEAMECLTDBSE : 526807ISIN CODE : INE497B01018Industry : ShippingHouse : Seamec - MNC
BSE412.85-8.05 (-1.91 % )
PREV CLOSE (Rs.) 420.90
OPEN PRICE (Rs.) 414.10
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 1784
TODAY'S LOW / HIGH (Rs.)401.65 424.75
52 WK LOW / HIGH (Rs.)195 530
NSE413.80 -6.5 (-1.55 % )
PREV CLOSE(Rs.) 420.30
OPEN PRICE (Rs.) 426.45
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 413.80 (119 )
VOLUME 8013
TODAY'S LOW / HIGH(Rs.) 412.00 427.00
52 WK LOW / HIGH (Rs.)188.05 533

Company News

Date Heading Details
12-May-2020 Seamec's Vessel ‘Seamec Princess' contracted for working at Mumbai High Offshore <div align="justify">Seamec's Vessel ‘Seamec Princess' has been contracted with L&amp;T Hydrocarbon Engineering for working at Mumbai High Offshore. The tenure of the contract is for a firm period of 20 days with option for extension. The contract has commenced from May 11, 2020. The aggregate Value of Contract is about Rs 80,731,500 exclusive of GST.<br><br></div><div align="justify">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.<br><br></div>
12-May-2020 IOC, Bharti Airtel and Ind-Swift Laboratories to see some action today <p align="justify"><strong>Indian Oil Corporation</strong> (IOC) has raised operating levels at its refineries to about 60 percent after fuel demand showed a gradual pick up on easing of lockdown restrictions. The company plans to scale up refinery operations to 80 percent of design capacity by the end of the month. </p><p align="justify"><strong>Bharti Airtel</strong> has selected IT companies IBM and Red Hat to build its new network cloud to support 5G operations and applications around emerging technologies on its network. Under the agreement, Airtel will build its next generation core network, analytical tools and new consumer and enterprise services on top of this cloud platform based on open standards.</p><p align="justify"><strong>Ind-Swift Laboratories</strong> has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA), for the Surveillance GMP inspection of its API manufacturing facility located at Derabassi, Punjab. The USFDA inspection was conducted from March 9, 2020 to March 13, 2020. The EIR has been issued without any Form 483 observations. This is the sixth successful USFDA inspection completed by the company. The company supplies 15 APIs to its customers based in U.S. </p><p align="justify"><strong>Seamec's</strong> subject Vessel 'Seamec Princess' has been contracted with L&amp;T Hydrocarbon Engineering for working at Mumbai High Offshore. The tenure of the contract is for a firm period of 20 days with option for extension. The contract has commenced from May 11, 2020. The aggregate value of contract is about Rs 80, 731, 500 exclusive of GST.</p><p align="justify"><strong>Tata Chemicals</strong> has resumed the operations at its manufacturing facilities located at Mambattu-Nellore (Andhra Pradesh), Sriperumbudur (Tamil Nadu) and Cuddalore (Tamil Nadu). While resuming operations, the company is ensuring compliance with the directives issued by the authorities in this regard and is continuing to take various measures to ensure the safety and well-being of all its employees and stakeholders. The company's operations at Mithapur (Gujarat) continues to operate at maximum capacity for Tata Salt and sodium bicarbonate which are essential inputs for food and pharma products and at the levels to match market demand for the production of soda ash and cement.</p><p align="justify"><strong>Ashok Leyland</strong> is planning to raise funds through the issuance of secured, rated, listed, redeemable Non Convertible Debentures (NCDs) aggregating to Rs 300 crore with a green-shoe option of Rs 200 crore on private placement basis, in one or more tranches/series. A meeting of the Fund Raising Committee of the Board of Directors is proposed to be held on May 14, 2020 to consider the same. </p><p align="justify"><strong>Elgi Equipments'</strong> wholly-owned subsidiary (WoS) -- Elgi Compressors USA Inc, has formed a Joint Venture (JV) Company along with Bryan Becker, Managing Partner of the LLC on March 19, 2020. However, the intimation has come from USA to the Company only on May 01, 2010, due to the COVID - 19 lockdown prevailing in USA &amp; India. Elgi Compressors USA Inc, is yet to invest in the Joint Venture.<br></p>
13-Apr-2020 GMR Infrastructure, JSPL and Lasa Supergenerics to see some action today <p align="justify">GMR Airports (GAL), a subsidiary of <strong>GMR Infrastructure</strong>, has received the Letter of Award (LoA) for the development and operations of Greenfield international airport at Bhogapuram in Andhra Pradesh from the Government of Andhra Pradesh. In February 2019, GAL had emerged as the highest bidder for project on a PPP basis.</p><p align="justify"><strong>Jindal Steel &amp; Power</strong> (JSPL) has bagged an order of 2,308 tonne head hardened rails from Kolkata Metro Rail Corporation. These special rails are used in high-speed freight corridors and metro rail projects. Head hardened rails are manufactured using the head hardening technology to bear about 50 per cent higher pressure compared to normal rails. The order will be supplied once the situation stabilises post lockdown.</p><p align="justify"><strong>Lasa Supergenerics</strong> has forayed into the hormone and steroid API segment for Human application with its approval from the Food and Drug Administration (FDA) authorities to manufacture Progesterone, a steroid hormone, at its WHO GMP certified facility at Mahad Industrial Area.&nbsp; The trial batches have already been carried out and the company is in good stead to start manufacturing from the current month itself. </p><p align="justify"><strong>Larsen &amp; Toubro</strong> (L&amp;T) has received approval to raise Rs 9000 crore through Long-term borrowing, either through external commercial borrowings, term loans, non-convertible debentures or any other instrument as may be appropriate. The Board of Directors of the company at its meeting held on April 09, 2020 has approved the same. </p><p align="justify"><strong>Seamec</strong> has received contract from Oil &amp; Natural Gas Corporation (ONGC) on April 09, 2020. ONGC vide the Notification of Award (NOA) has awarded Charter Hire of Company's Vessel ‘SEAMEC II' for a long-term contract for a period of 5 years. As per the NOA, the Vessel is to be deployed within 150 days from the date of Notification of Award. The aggregate Value of the Contract is $ 127,717,725 exclusive of GST.<br></p><p align="justify"><strong>ITI</strong> and the Defence Research and Development Organisation (DRDO) are set to sign an agreement for the manufacturing of portable ventilators. The company expects to start production of the ventilators in about two-and-a-half months from the date of signing of the memorandum of understanding and technology transfer of the ventilator technology to it from the DRDO.</p><p align="justify">Tata Starbucks, a 50:50 joint venture (JV) between <strong>Tata Consumer Products</strong> and Starbucks Corporation, is planning to launch drive-through outlets and home deliveries as it works on a new business models to mitigate the economic impact of coronavirus pandemic. In the next few weeks, the company is looking at announcing its first Drive Thru store in India. This will allow customers to engage with the brand in new and innovative ways.</p><p align="justify"><strong>Vedanta</strong> is targeting to indigenously manufacture about 50,000 personal protective equipment (PPE) every day amid talks of PPE shortage in the country following coronavirus outbreak. The company will start manufacturing PPE by the first week of May. <br></p>
11-Apr-2020 Seamec bags contract from ONGC for Vessel SEAMEC II <p align="justify">Seamec has received contract from Oil &amp; Natural Gas Corporation (ONGC) on April 09, 2020. ONGC vide the Notification of Award (NOA) has awarded Charter Hire of Company's Vessel ‘SEAMEC II' for a long-term contract for a period of 5 years.</p><p align="justify">As per the NOA, the Vessel is to be deployed within 150 days from the date of Notification of Award. The aggregate Value of the Contract is $ 127,717,725 exclusive of GST.</p><p align="justify">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.<br></p>
19-Mar-2020 Seamec informs about loss of share certificate <P align=justify>Seamec has informed that, pursuant to the request received from shareholders, Jagmohan Krishan (Folio Number-032942) the Company has issued Duplicate Share Certificates in place of Share Certificates lost/ misplaced by the said shareholder.<P align=justify>The above information is a part&nbsp;of company's filings submitted to BSE.<BR>
06-Mar-2020 Seamec zooms on acquiring stake in WoS Company <p align="justify">Seamec is currently trading at Rs. 396.35, up by 19.60 points or 5.20% from its previous closing of Rs. 376.75 on the BSE.</p><p align="justify">The scrip opened at Rs. 368.10 and has touched a high and low of Rs. 402.55 and Rs. 368.10 respectively. So far 186 shares were traded on the counter.</p><p align="justify">The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 530.00 on 28-Nov-2019 and a 52 week low of Rs. 281.00 on 22-Aug-2019.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 402.55 and Rs. 368.10 respectively. The current market cap of the company is Rs. 989.80 crore.</p><p align="justify">The promoters holding in the company stood at 70.83%, while Institutions and Non-Institutions held 3.44% and 25.73% respectively.</p><p align="justify">Seamec has acquired one equity shares of its wholly owned subsidiary -- Seamec International FZE - for United Arab Emirates Dirham (AED) 1,000,000. The requisite formalities in this regard have been duly complied.</p><p align="justify">Accordingly, the revised issued, subscribed and paid-up capital of WOS shall be AED 3,000,000 divided into 3 equity shares of AED 1,000,000 each, subscribed entirely by the company.</p><p align="justify">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.<br></p>
04-Mar-2020 Seamec acquires stake in WoS Company <p align="justify">Seamec has acquired one equity shares of its wholly owned subsidiary -- Seamec International FZE - for United Arab Emirates Dirham (AED) 1,000,000. The requisite formalities in this regard have been duly complied.</p><p align="justify">Accordingly, the revised issued, subscribed and paid-up capital of WOS shall be AED 3,000,000 divided into 3 equity shares of AED 1,000,000 each, subscribed entirely by the company. <br></p><p align="justify">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.<br></p>
27-Feb-2020 Seamec's vessel ‘SEAMEC III' deployed for working at Mumbai High Offshore <p>Seamec's subject vessel ‘SEAMEC III' has been deployed with Posh Subsea for working at Mumbai High Offshore with effect from February 19, 2020, tentatively for a period of 60 days. Total contract value is approximately $7.89 million.<p>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.</p>
24-Feb-2020 Seamec submits notice of postal ballot <p align="justify">Seamec has informed that pursuant to Regulation 30 of the SEBI (LODR), 2015 and in continuance to letter SEAMEC/BSE/SMO/27/2020 dated February 07, 2020, the Company enclosed herewith a copy of the postal ballot notice dated February 06, 2020 (‘Postal Ballot Notice') which has been dispatched to the shareholders of the Company, along with postal ballot form, to seek approval of all the shareholders of the Company, whose names appear in the register of members/ beneficial owners of the Company, as on Friday, February 14, 2020. The copy of the Postal Ballot Notice is also available on the website of the Company at www.seamec.in. The Company has engaged the services of National Securities Depository Limited (NSDL) for the purpose of providing e-voting facility to all its members. The voting through postal ballot and e-voting will commence from Thursday, February 27, 2020 (09:00 AM IST) and shall end on Friday, March 27, 2020 (5:00 PM IST).<p align="justify">The above information is a part of company's filings submitted to BSE.</p>
07-Feb-2020 Seamec informs about newspaper publication <p align="justify">Further to letter no. SEAMEC/BSE/SM0/16/2020 dated 6th February, 2020, Seamec has informed about submission of copies of the Newspaper Cuttings published in 'Financial Express' (English) and 'Navshakti' (Marathi) on 7th February, 2020 both Mumbai Edition with regard to Newspaper Advertisement under Regulation 30 and Regulation 47 of the SEBI (Listing Obligations &amp; Disclosure Requirements) Regulations, 2015 for Un-audited Financial Results of the Company for the Quarter ended 31st December, 2019 (both Standalone and Consolidated).</p><p>The above information is a part of company's filings submitted to BSE.<br></p>