LCC Projects gets ₹703 crore Gujarat water-supply LOI for intake well and pumping works
- Order win
- construction and water supply projects
Reviewed byKeshav SehgalBlacklitt Research
LCC Projects (NSE: LCCPROJECT) has received a Letter of Intent from Gujarat Water Supply and Sewerage Board for a water supply scheme work with a total order value of ₹703 crore excluding GST, it said in a filing on 03 Nov 2026. The scope includes intake well, pipelines, pump house and 10 years of comprehensive operation and maintenance.
Key highlights
- Total order value: ₹703.00 crore excluding GST
- Execution period: 18 months including 3 months trial and run
- Comprehensive O&M: 10 years of the entire scope
- LOI dated 02 Nov 2026
The order in numbers
| Item | Detail |
|---|---|
| Awarded by | Gujarat Water Supply and Sewerage Board |
| Type | EPC water supply project, domestic |
| Order value | ₹703.00 crore excluding GST |
| LOI date | 02 Nov 2026 |
| Execution period | 18 months including 3 months trial and run, from the LOI date |
| Operation and maintenance | 10 years comprehensive O&M of entire scope |
| Scope | Intake well with approach bridge, DI-K9/MS rising main pipelines, RCC sump, pump house, staff quarter, compound wall, pumping machinery, electro-mechanical-instrumentation and SCADA works |
| Location | Various HWs to SHWs under the Bhadbhut Barrage (RHS) scheme, Bharuch and Vadodara districts |
Order size and scope
The Letter of Intent is for a total order value of ₹703.00 crore excluding GST, which the company describes as an EPC water supply project for industries (GIDC) and rural areas. The scope combines construction of civil works, pipelines and pumping machinery with 10 years of operation and maintenance.
The company says it will be fully responsible for complete execution of the works, including fulfilment of contractual obligations and receipt of payment as per the LOI and tender document.
Scale against the company's size
At the 02 Nov 2026 close of ₹133.13 a share, LCC Projects had a market value of ₹3,856 crore. The ₹703 crore order is therefore a sizeable figure relative to that value, though the filing does not give the share of revenue it will add.
The company's Q2 FY27 consolidated total income was ₹891.87 crore, with net profit of ₹76.95 crore.
A letter of intent, with the contract still to follow
A Letter of Intent is an early step in an award. The filing describes this as an LOI, and it does not state whether it will convert into a binding contract or work order.
What the order means for LCC Projects' shareholders
The order adds a water supply project with a stated value of ₹703.00 crore excluding GST to the company's pipeline of work, and carries a 10-year O&M obligation. The filing does not say what margin or revenue the order will contribute, how the work will be financed or paid for, or why the board chose the company.
The next dated step is the 18-month execution period from 02 Nov 2026, and the company says it will update the exchanges on further developments.
Filed with NSE on . Reference: Original filing (PDF)
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