by Hansraj Agrawal | Mar 14, 2026 | Share Market
Last Updated : Mar 14 2026 | 1:16 PM IST
Seamec said a consortium comprising the company & Supreme Hydro has received a notification of award from Oil and Natural Gas Corporation (ONGC) for operation and maintenance services of the vessel Samudra Sevak.
The contract involves hiring of operation and maintenance (O&M) services for ONGC-owned multi-support vessel Samudra Sevak for the period 20262028, the company said in a regulatory filing.
The tenure of the contract is 738 days and will commence within 60 days from the date of the notification of award.
The total contract value is estimated at around Rs 410.74 crore.
Seamec said the order has been awarded by a domestic entity and falls within the normal course of business. The company also clarified that neither the promoter nor promoter group entities have any interest in the awarding entity and the contract does not fall under related party transactions.
Seamec provides offshore support services. It undertakes support services through Diving Support Vessels (DSVs). These vessels are owned and operated by Seamec. The company’s subsidiary companies own and operates bulk carriers. The company reported consolidated net profit of Rs 99.62 crore in Q3 FY26 as against net loss of Rs 3.32 crore in Q3 FY25. Revenue from operations jumped 112.30% year on year to Rs 317.05 in Q3 FY26. The scrip shed 0.46% to end at Rs 1,329.15 on the BSE.
Maharatna ONGC is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. It has in-house service capabilities in all areas of exploration and production of oil & gas and related oil-field services. The Government of India held a 58.89% stake in ONGC as of December 2025. The company reported 1.60% increase in standalone net profit to Rs 8,371.85 crore in Q3 FY26, compared with Rs 8,239.92 crore in Q3 FY25. However, revenue from operations declined 6.43% YoY to Rs 31,546.51 crore in the quarter ended 31 December 2025. The scrip fell 2.40% to end at Rs 264.05 on the BSE.
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First Published: Mar 14 2026 | 1:16 PM IST
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by Hansraj Agrawal | Mar 14, 2026 | Share Market
Last Updated : Mar 14 2026 | 1:16 PM IST
Dilip Buildcon has been declared as L-1 bidder for the tender floated by the Odisha Bridge & Construction Corporation (OBCCL) on Engineering, Procurement & Construction basis in the state of Odisha. The project entails construction of diversion road from 4/700 km to 11/500 km of
Duduka-Gopalpur-Toparia Road (6 Lane with Service Road) in the
District of Sundargarh on EPC mode. The project cost is Rs 160.20 crore.
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First Published: Mar 14 2026 | 1:16 PM IST
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by Hansraj Agrawal | Mar 14, 2026 | Share Market
Last Updated : Mar 14 2026 | 1:04 PM IST
From Chennai Metropolitan Water Supply and Sewerage Board
Va Tech Wabag has secured a letter of award from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) to develop a looped transmission network under the Chennai Climate Resilient Water Security and Sewerage Project (CCRWSSP) for Greater Chennai City (GCC). According to the company’s project classification, the order is valued at more than Rs 1,000 crore.
Funded by the Asian Development Bank, the project will establish a city-wide water grid platform for Chennai, enabling flexible water routing, improved pressure management, and greater operational reliability under both normal and emergency conditions. This project will be executed by a joint venture where Va Tech Wabag will be the leader.
Commenting on this development, Mr. Shailesh Kumar, Chief Executive Officer – India Cluster, said, This project marks an important step towards building a resilient and future-ready water infrastructure for Chennai. The development of a city-wide water grid will significantly enhance supply reliability, operational flexibility, and climate resilience for the city. We are proud to partner with CMWSSB and support Chennai’s long-term water security by delivering advanced infrastructure combined with digital monitoring and smart network management.
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First Published: Mar 14 2026 | 1:04 PM IST
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by Hansraj Agrawal | Mar 14, 2026 | Share Market
Last Updated : Mar 14 2026 | 1:16 PM IST
Bikaji Foods International has made additional subscription of 10,52,630 equity shares amounting to Rs 40 crore in its wholly owned subsidiary, Bikaji Foods Retail (BFRL). Being a wholly owned subsidiary, there is no change in the shareholding percentage of the company in the BFRL, pursuant to this subscription.
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First Published: Mar 14 2026 | 12:50 PM IST
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by Hansraj Agrawal | Mar 14, 2026 | Share Market
JSW Steel announced its coking coal mining project, Minas de Revubo(MdR), located in the Moatize coal basin, Tete Province, Mozambique.
The MdR project, located in the Moatize coal basin of the Tete Province, Mozambique, grants JSW Steel access to substantial reserves of premium hard coking coal which is a key raw material in steelmaking.
MdR has 850 mt of reserves, and the potential to yield 250 mt of usable coking coal. JSW Steel will develop the mine in phases, with the first phase expected to be developed over the next 2.5 years to produce 2.4 mtpa prime hard coking coal. MdR is located approximately 10 km north of Tete city, 450 km north of Beira Port, and 900 km south-west of Nacala Port – a logistical advantage that positions it as one of the most favourably situated coking coal assets globally for supply to Indian steel plants.
This project represents a transformative step in JSW Steel’s backward integration strategy and is expected to provide long-term supply assurance for one of the most critical and cost-intensive inputs in steel manufacturing. India’s domestic premium coking coal resources remain limited, making captive overseas sourcing a strategic imperative. Through the MdR project, JSW Steel is expecting to mitigate exposure to coking coal price volatility and optimise its cost structure over the long term.
Parth Jindal, JSW Group said, JSW Steel is pleased to announce the Minas de Revuboproject in Mozambique. This project marks a pivotal milestone in securing premium hard coking coal reserves in Africa, strategically positioned close to India for cost optimization. As we grow to 50 mtpa steel capacity in India by 2030, we hope that this asset will provide strategic and diversified raw material security and cushion JSW Steel against volatile global coking coal prices, while fueling our sustainable growth vision.
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by Hansraj Agrawal | Mar 14, 2026 | Share Market
Last Updated : Mar 14 2026 | 12:50 PM IST
Bikaji Foods International has made additional subscription of 10,52,630 equity shares amounting to Rs 40 crore in its wholly owned subsidiary, Bikaji Foods Retail (BFRL). Being a wholly owned subsidiary, there is no change in the shareholding percentage of the company in the BFRL, pursuant to this subscription.
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First Published: Mar 14 2026 | 12:50 PM IST
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