LCC Projects Emerges as L1 Bidder for Rs. 6.53 bn Rajasthan Project
ECONOMY & POLICY

LCC Projects Emerges as L1 Bidder for Rs. 6.53 bn Rajasthan Project

LCC Projects rose 3.09 per cent to Rs. 147.55 on 25 September after emerging as the lowest bidder for a Rs. 6.53 bn irrigation project in Rajasthan. The company said the contract was awarded by the Chief Engineer, Water Resources Zone, Kota, Rajasthan.

The project involves construction of the Chhoti Kalisindh Medium Irrigation Project using a sprinkler system powered by solar energy. The work will be undertaken at Chhoti Kalisindh and Chahurni River in Gangdhar, Jhalawar, Rajasthan, and will be executed on an engineering, procurement and construction (EPC), single-responsibility turnkey basis.

The contract, valued at Rs. 6.53 bn including goods and services tax, is scheduled for completion within 36 months from the effective date. The project is expected to strengthen the company’s presence in irrigation and water infrastructure in the state, although the award remains subject to the applicable contractual process.

LCC Projects was listed on the stock exchanges on 17 September 2026. Its shares debuted at Rs. 191.90 on the BSE, representing a 31.44 per cent premium over the issue price of Rs. 146. The initial public offering received bids for 1,015,200,000 shares against 5,443,000 shares on offer.

Promoted by Arjan Suja Rabari and Laljibhai Arjanbhai Ahir, LCC Projects is a multidisciplinary EPC company primarily engaged in irrigation and water supply projects. For the 12 months ended 31 March 2026, it reported consolidated net profit of Rs. 2.87 bn and sales of Rs. 36 bn.

LCC Projects rose 3.09 per cent to Rs. 147.55 on 25 September after emerging as the lowest bidder for a Rs. 6.53 bn irrigation project in Rajasthan. The company said the contract was awarded by the Chief Engineer, Water Resources Zone, Kota, Rajasthan. The project involves construction of the Chhoti Kalisindh Medium Irrigation Project using a sprinkler system powered by solar energy. The work will be undertaken at Chhoti Kalisindh and Chahurni River in Gangdhar, Jhalawar, Rajasthan, and will be executed on an engineering, procurement and construction (EPC), single-responsibility turnkey basis. The contract, valued at Rs. 6.53 bn including goods and services tax, is scheduled for completion within 36 months from the effective date. The project is expected to strengthen the company’s presence in irrigation and water infrastructure in the state, although the award remains subject to the applicable contractual process. LCC Projects was listed on the stock exchanges on 17 September 2026. Its shares debuted at Rs. 191.90 on the BSE, representing a 31.44 per cent premium over the issue price of Rs. 146. The initial public offering received bids for 1,015,200,000 shares against 5,443,000 shares on offer. Promoted by Arjan Suja Rabari and Laljibhai Arjanbhai Ahir, LCC Projects is a multidisciplinary EPC company primarily engaged in irrigation and water supply projects. For the 12 months ended 31 March 2026, it reported consolidated net profit of Rs. 2.87 bn and sales of Rs. 36 bn.

Related Stories

Gold Stories

Next Story
Real Estate

Japanese companies expand GCC operations in India

More than 100 Japanese companies have established or are expanding Global Capability Centres (GCCs) in India, with a growing focus on artificial intelligence (AI), engineering, digital innovation, product development, cybersecurity and advanced analytics. The shift marks an expansion beyond traditional back-office and operational support functions towards higher-value technology and innovation activities.Japanese companies are increasingly using their Indian GCCs to support digital transformation, address talent shortages and contribute to global business strategies. These centres are taking o..

Next Story
Real Estate

India’s flexible office stock projected to reach 160 million sq ft by 2030

India retained its position as the world's most mature flexible office market, scoring 100 per cent on Cushman & Wakefield's Flexible Office Market Maturity Index, according to the firm's Global Trends in Flexible Office 2026 report.India's flexible office inventory reached 88.7 million sq ft (MSF) in H1 2026, accounting for 10.5 per cent of the country's total office stock. The report projects this to exceed 100 MSF in 2026 and reach approximately 160 MSF by 2030.Flexible office operators leased 8.5 MSF across India's top eight cities in H1 2026, their strongest first-half performance to ..

Next Story
Infrastructure Urban

K2 Infragen appoints Abhishek Sharma as DGM, supply chain

K2 Infragen has appointed Abhishek Sharma as Deputy General Manager, Supply Chain Management. He will oversee procurement planning, vendor partnerships and coordination with project teams.Sharma brings nearly two decades of experience in infrastructure procurement across railways, highways, expressways and hydropower. His experience includes procurement responsibilities associated with the Delhi–Meerut Expressway and the Delhi–Vadodara greenfield corridor. ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code