Shares of Seamec Ltd rose 1.79% to Rs 866.60 on Tuesday, October 29, after the company announced the signing of a Memorandum of Understanding (MoU) with the Directorate General of Shipping during India Maritime Week 2025 in Mumbai. The agreement, formalized on October 28, 2025, marks a major step in the company’s long-term maritime expansion and modernization plan.
MoU Details
Under the signed MoU, Seamec has committed to invest approximately Rs 1,000 crore over the coming years in its core maritime operations, which include offshore engineering, subsea operations, and marine logistics. The investment will be deployed progressively and is aimed at enhancing capacity, modernizing its fleet, and strengthening operational capabilities across the maritime value chain.
The company highlighted that this strategic partnership aligns with the Government of India’s broader vision for maritime growth, focusing on port infrastructure development, offshore energy services, and global competitiveness in marine operations.
Strategic Significance
The collaboration with the Directorate General of Shipping is expected to play a pivotal role in Seamec’s expansion within the offshore and subsea segments, opening new avenues for long-term contracts and public-private partnerships. The initiative also underscores Seamec’s commitment to sustainable maritime development through technological integration and fleet modernization.
Stock Performance
As of 9:56 AM, Seamec Ltd shares were trading at Rs 866.60, up Rs 15.25 or 1.79% from the previous close of Rs 851.35. The stock hit an intraday high of Rs 870.35 on the BSE, with a market capitalization of Rs 21.85 billion.
The stock trades at a P/E ratio of 19.07, within a 52-week range of Rs 753 to Rs 1,425.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
