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Seamec shines on completing deployment of Dry Dock of Vessel ‘Seamec Princess’

Seamec is currently trading at Rs. 390.55, up by 16.05 points or 4.29% from its previous closing of Rs. 374.50 on the BSE.

The scrip opened at Rs. 390.55 and has touched a high and low of Rs. 390.55 and Rs. 390.55 respectively.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 512.00 on 21-Jun-2019 and a 52 week low of Rs. 182.90 on 01-Jan-2019.

Last one week high and low of the scrip stood at Rs. 395.90 and Rs. 364.00 respectively. The current market cap of the company is Rs. 952.17 crore.

The promoters holding in the company stood at 69.57%, while Institutions and Non-Institutions held 3.56% and 26.87% respectively.

Seamec has completed deployment of Dry Dock of Vessel ‘Seamec Princess’. The company has entered into a BIMCO Charter Party with Posh Subsea for charter hire of the vessel for working in Mumbai High Offshore.

The tenure of the contract is for firm period of 15 days with option of extension. The charter is likely to commence around 2nd week of October, 2019. The value of charter during firm period is $1 million.

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.

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