LCC Projects Receives Tender Acceptance For ₹151.57 Crore Gujarat EPC Water Supply Contract

Market snapshot: LCC Projects Limited has received an Acceptance of Tender from the Executive Engineer, Sauni Yojana Division, Rajkot, Government of Gujarat. The contract covers EPC water supply works valued at ₹151.57 crore excluding GST, along with long-term maintenance responsibilities.

Data Snapshot

• LCC Projects received tender acceptance for an EPC water supply contract valued at ₹151.57 crore excluding GST
• The scope involves water transmission from Machhu-I Dam to Triveni Thanga Reservoir and villages of Wankaner and Chotila Taluka with a 10-year Operation and Maintenance commitment

Key Takeaways

• State-Level Infrastructure Win: LCC Projects expands its footprint in Gujarat state water infrastructure under the Sauni Yojana initiative.
• Multi-Year Service Revenues: In addition to core EPC execution, the 10-year operation and maintenance component provides recurring annuity revenue.
• Growing Order Inflows: This acceptance builds on prior momentum in public and industrial infrastructure orders.

SAHI Perspective

The award reinforces LCC Projects' competitive positioning in regional water management and bulk transmission infrastructure. A contract combining primary engineering execution with a 10-year operation and maintenance commitment yields both upfront revenue recognition during civil construction and operational visibility over the long term.

Market Implications

State government outlay toward bulk water supply projects in Gujarat continues to offer medium-term pipeline visibility for regional infrastructure contractors. LCC Projects' selection by the Sauni Yojana Division underscores continued state funding priority for regional water security.

Trading Signals

Market Bias: Bullish

Positive project inflow momentum backed by a confirmed ₹151.57 crore EPC contract from the Gujarat state government with long-term O&M provision.

Overweight: Infrastructure & Water Management, EPC Contractors

Trigger Factors:

• Formal execution of contract agreement with Sauni Yojana Division
• Mobilization and capital expenditure timelines for EPC pipeline construction

Time Horizon: Near-term (0-3 months)

Industry Context

Water infrastructure and state grid integration remain key priorities under state infrastructure master plans in Western India. EPC contracts that package construction with multi-year operation and maintenance mandates are increasingly standard to ensure post-commissioning asset utilization.

Key Risks to Watch

• Execution delays or delays in right-of-way permissions along pipeline routes
• Inflationary pressure on raw materials such as steel, cement, and piping components during construction

Recent Developments

In October 2026, LCC Projects reported its Q1 FY27 consolidated revenue from operations of ₹802.59 crore and approved the incorporation of an Indian subsidiary company. Additionally, in September 2026, the company emerged as the lowest bidder for a ₹653.34 crore solar-powered irrigation project in Jhalawar, Rajasthan.

Closing Insight

Sustained order inflow across water grid transmission and irrigation infrastructure strengthens order book visibility for LCC Projects.

High Performance Trading with SAHI.