Stories

8. LCC Projects IPO: LCC Projects, an EPC company focused on irrigation and water supply projects, will open its ₹427.14-crore IPO on September 9 and close on September 11. The price band is ₹139-146 per share. The issue comprises a ₹258-crore fresh issue and an OFS of ₹169.14 crore. The company plans to use the fresh proceeds primarily towards repayment of borrowings and purchase of equipment.
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CNBC TV18•16-10-2026, 21:56
LCC Projects Secures Rs 152 Crore Gujarat Water Supply Contract
  • •LCC Projects has bagged an order worth Rs 151.57 crore excluding GST from the Gujarat government.
  • •The project involves supplying water from Machhu-I Dam to Triveni Thanga Reservoir and nearby villages in Wankaner and Chotila talukas.
  • •The contract scope covers engineering, procurement and construction along with 10 years of operation and maintenance.
  • •Construction work is scheduled to be completed within 24 months.
  • •The award was granted by a domestic entity with no related-party transactions involved.

Key Questions Answered

LCC Projects received an order worth ₹151.57 crore, excluding GST, from the Gujarat government to handle engineering, procurement, and construction work transporting water from the Machhu-I Dam to the Triveni Thanga Reservoir and various villages across the Wankaner and Chotila talukas. The contract also includes operating and maintaining the project for 10 years following a 24-month construction period.

The Acceptance of Tender (AOT) for the project was received from the Office of the Executive Engineer, Sauni Yojana Division, Rajkot.

No, LCC Projects stated that the order was awarded by a domestic entity and involves no related-party transactions, with its promoters, promoter group, and group companies holding no interest in the awarding entity.