India, Sept. 30 -- Offshore oil and gas fields are not built once and forgotten. The pipelines that carry crude and gas ashore corrode, age and eventually need replacing, and that work has to be done at sea with specialised vessels and divers. Most operators do not own these ships, so they charter them. That is how a lot of the money in offshore services gets made.

Shares of SEAMEC Ltd. were trading at Rs. 1,647.10, down 0.45 percent from previous close of Rs. 1,653.20. The stock opened at Rs. 1,685.00, reaching an intraday high of Rs. 1,739.70 and low of Rs. 1,609.70. The company currently has a market capitalization of Rs. 4,160 crores.

What's the News? SEAMEC Limited has signed a Bimco charter party with G R Infraprojects Limited fo...