LCC Projects Limited emerges L-1 bidder for ₹653.34 crore irrigation project in Rajasthan.
LCC Projects Limited has emerged as the L-1 bidder for a significant irrigation project in Jhalawar, Rajasthan. The project's estimated value is ₹653.34 crore, including GST. The execution timeline for this EPC (Engineering, Procurement, and Construction) contract is 36 months from the effective date.
The value of the order (₹653.34 crore) is substantial relative to the company's size, suggesting a significant impact on its revenue and operations.
The company has secured a new order, which is generally a positive development indicating business growth and future revenue streams.
LCC Projects Limited has been declared the L-1 bidder for the "Construction of Chhoti Kalisindh Medium Irrigation Project Based on Sprinkler with Solar System at Chhoti Kalisindh and Chahurni river Tehsil-Gangdhar, District-Jhalawar (Rajasthan) (E.P.C) Single responsibility Turnkey Basis." The total estimated value of this project is ₹653.34 crore, inclusive of GST.
The contract is to be executed within 36 months from the effective date. The entity awarding the contract is the Chief Engineer Water Resources Zone, Kota (Raj.), and it is a domestic project. LCC Projects Limited has confirmed that neither the promoter nor any group companies have an interest in the awarding entity, and the contract does not fall under related party transactions.
The company has stated that it will provide further updates on any developments regarding this project.
What to do with a filing like this
LCC Projects Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by LCC Projects Limited. Read the original for the full detail.