Bagging Letter of Award from Larsen & Toubro Limited to the Consortium of Posh India Offshore Pvt Limited and…
As filed · Seamec Limited has informed the Exchange about Bagging Letter of Award from Larsen & Toubro Limited to the Consortium of Posh India Offshore Pvt Limited and SEAMEC LIMITED for PRP-X project of ONGC
What happened
FactBagging Letter of Award from Larsen & Toubro Limited to the Consortium of Posh India Offshore Pvt Limited and SEAMEC LIMITED for PRP-X project of ONGC. herewith the requisite details in respect of the Letter of Award of M/s. Larsen and Toubro.
Why it matters
CapitSignal interpretationAn order converts to revenue over its execution period, so its size relative to existing revenue decides whether it changes the trajectory or is routine flow.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
Withdrawnwe continue to look for suitable opportunities, and we definitely intend to grow the fleet in coming 2 years.
the acquisition of the vessel and the completion of formalities should get completed by end of this quarter.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Execution period stated in the order
- Whether the order book total is disclosed
- Margin commentary at the next results
- The idea is that how we should grow between 15% to 20% CAGR in next 3 to 5 years. (management committed by FY27)
- This year, we believe that from INR28 crores last year, we should be hardly INR5 crores, INR7 crores. (management committed by FY26)
Evidence
- Seamec Limited has informed the Exchange about Bagging Letter of Award from Larsen & Toubro Limited to the Consortium of Posh India Offshore Pvt Limited and SEAMEC LIMITED for PRP-X project of ONGC(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q2 FY26
How CapitSignal classified this
- Reasoning:
- ORDER_WIN base 58; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%