According to reports from Business Standard, LCC Projects has emerged as the lowest bidder (L-1) for a ₹653.34 crore irrigation project in Rajasthan, including GST. The project, awarded by the Chief Engineer, Water Resources Zone, Kota, involves building the Chhoti Kalisindh Medium Irrigation Project in Jhalawar district. The project incorporates a sprinkler system integrated with a solar power plant situated on the Chhoti Kalisindh and Chahurni rivers in Gangdhar tehsil. The project will utilize sprinkler irrigation and solar power systems and cover the Chhoti Kalisindh and Chahurni rivers in Gangdhar tehsil.
As reported by Business Standard, the project will be executed on an engineering, procurement and construction (EPC) single-responsibility turnkey basis, meaning LCC Projects will be responsible for the project from design and procurement through construction. The company stated that the project is a domestic order and will take 36 months to complete from the effective date of the contract. The contract, valued at ₹653.34 crore including GST, is scheduled to be executed within 36 months from the effective date. The awarding authority is the Chief Engineer, Water Resources Zone, Kota, Rajasthan.
According to Business Standard, shares of LCC Projects rallied 3.09% to ₹147.55 following the project announcement, demonstrating strong market confidence in the company's execution capabilities. The company was listed on the stock exchanges on September 17, 2026, with the stock debuting at ₹191.90 on the BSE, representing a 31.44% premium over its issue price of ₹146. The IPO received bids for 101.52 crore shares against 54.43 lakh shares on offer, indicating strong investor interest. The Gujarat-based company, which focuses on irrigation and water-supply infrastructure, made its stock-market debut following a ₹427.14 crore IPO that was subscribed 48.51 times by the end of bidding on September 11.
As reported by Business Standard, the ₹653.34 crore project represents approximately 8.21% of LCC Projects' existing order book of ₹7,953.18 crore as of March 31, 2026, across 103 projects. This significant addition provides strong revenue visibility for the coming quarters and demonstrates the company's competitive edge in securing high-value government contracts. The project involves construction on the Chhoti Kalisindh and Chahurni rivers on a turnkey EPC basis, which is the core business segment for the company. The company's ₹427.14 crore IPO was priced at ₹146 per share and was oversubscribed 48.51 times, providing the company with strong liquidity for project execution. The substantial order value of ₹653.34 crore is particularly significant as it represents a major inflow with no previous orders disclosed in the last three quarters.
