Seamec has locked in upper circuit of 10% at Rs 118 on National Stock Exchange after the company said it has got US $ 15 million order from Oil and Natural Gas Corporation Limited (ONGC).
The company has been awarded letter of intent (LOI) dated June 23, 2014 by ONGC for deployment of its vessel SEAMEC I for undertaking air diving job for a period of 5 years, Seamec said in a statement.
The vessel is required to be mobilized within 150 days from the date of notification of award. The contract value is estimated as US $ 15.26 million (approximately Rs 92 crore), it added.
The stock opened at Rs 105 and touched a low of Rs 014 on NSE. A combined 527,000 shares changed hands and there are pending buy orders for 5,000 shares on NSE.
The company has been awarded letter of intent (LOI) dated June 23, 2014 by ONGC for deployment of its vessel SEAMEC I for undertaking air diving job for a period of 5 years, Seamec said in a statement.
The vessel is required to be mobilized within 150 days from the date of notification of award. The contract value is estimated as US $ 15.26 million (approximately Rs 92 crore), it added.
The stock opened at Rs 105 and touched a low of Rs 014 on NSE. A combined 527,000 shares changed hands and there are pending buy orders for 5,000 shares on NSE.