LCC Projects Gets ₹703 Crore Gujarat Water Supply Project LOI

LCC Projects Limited has received a ₹703 crore letter of intent from the Gujarat Water Supply and Sewerage Board for a water supply project in Bharuch, Gujarat, with 18 months allotted for execution and a subsequent 10-year comprehensive operation and maintenance period. The order, excluding GST, covers infrastructure linked to the Bhadbhut Barrage and serves industrial and rural users in Bharuch and Vadodara districts.

What is LCC Projects Limited's new Gujarat water supply order?

LCC Projects Limited, referred to as LCC Projects, has received the Letter of Intent from the Gujarat Water Supply and Sewerage Board, or GWSSB, for an engineering, procurement and construction water supply scheme. The order is valued at ₹703 crore excluding GST and was disclosed on November 3, 2026.

The scheme is based on the Bhadbhut Barrage on the right bank in Bharuch district. It includes survey, design and construction work for an intake well with an approach bridge, DI-K9 and MS rising-main pipelines, an RCC sump, pump house, staff quarters, and associated electromechanical, instrumentation and SCADA systems.

The company has stated that execution is scheduled over 18 months, including a three-month trial and run period. After commissioning, LCC Projects will provide comprehensive operation and maintenance services for 10 years. The project is intended to support water supply for industries and rural areas across Bharuch and Vadodara districts.

Which infrastructure works are included in the ₹703 crore LOI?

The ₹703 crore LOI covers the complete EPC scope for water intake, transmission and pumping infrastructure associated with the Bhadbhut Barrage-based scheme. The design and construction scope combines civil structures, pipeline networks and equipment required to operate the water supply system.

An intake well and approach bridge form part of the source-side infrastructure. The order also specifies DI-K9 and mild-steel rising-main pipelines, which will carry water through the project system. The scope further includes an RCC sump, a pump house and staff quarters.

LCC Projects is also responsible for electromechanical works, instrumentation and supervisory control and data acquisition, or SCADA, works. These elements are part of the disclosed order scope and accompany the 10-year O&M mandate after the EPC work and trial period are completed.

How does the new LOI fit LCC Projects' recent order activity?

The GWSSB LOI follows another Gujarat water order disclosed by LCC Projects in October. On October 16, 2026, the company received an acceptance of tender valued at ₹151.57 crore excluding GST from the Executive Engineer, Sauni Yojana Division, Rajkot, Government of Gujarat.

That earlier contract involves supplying water from Machhu-I Dam to Triveni Thanga Reservoir and villages in Wankaner and Chotila talukas. It has a construction period of 24 months and includes 10 years of operation and maintenance after commissioning.

LCC Projects also disclosed three Reliance Industries civil orders during September and October that totalled ₹132.67 crore. One disclosed Letter of Commitment, dated October 9, 2026, concerned civil works for a 400 kV Load Pooling GIS Substation at Jamnagar under the Kutch RE Project-Z2, with an estimated basic order value of ₹62.32 crore excluding GST and a nine-month completion schedule.

Why does the order matter for LCC Projects' business mix?

The order matters because water infrastructure is LCC Projects' principal operating area. The company describes itself as an EPC infrastructure contractor established in 2004, with work spanning irrigation canals, dams and municipal water pipelines for state government bodies across India.

Water infrastructure, including canals, dams and multi-village pipelines, generates about 95% of company revenue according to the provided business description. The GWSSB project therefore falls within the business line that accounts for most of LCC Projects' disclosed revenue base.

The new LOI also combines construction with long-duration O&M. LCC Projects has previously undertaken turnkey drinking-water projects with 10-year O&M mandates, including the disclosed ₹1,386.49 crore Sidhi Bansagar and ₹1,049 crore Gandhi Sagar 1 multi-village projects. The Bharuch project has a similar operating-maintenance structure after its construction phase.

What should investors track after the Gujarat water project LOI?

Investors can track the conversion of the Letter of Intent into the project execution process, progress against the 18-month schedule, and the start of the three-month trial and run period. The company has disclosed the LOI and its scope, but the provided information does not specify further project milestones.

LCC Projects has also disclosed an unexecuted order book of ₹7,347.42 crore. The company notes that this metric excludes price escalations and scope alterations, making it structurally different from revenue recognised under Ind AS accounting. That distinction is relevant when comparing announced orders with reported financial performance.

The order adds another publicly disclosed project in Gujarat's water infrastructure segment, alongside the October Sauni Yojana contract. Its financial contribution, billing pattern and operating performance will depend on execution and accounting recognition over the project period, none of which has been quantified in the announcement.

Conclusion

LCC Projects has received a ₹703 crore LOI from GWSSB for a Bhadbhut Barrage-based water supply scheme in Bharuch. The project expands the company's disclosed water-infrastructure activity and includes a broad EPC package, an 18-month execution schedule and 10 years of comprehensive O&M for users in Bharuch and Vadodara districts.

The next disclosed milestone to watch is progress from the LOI towards execution under the stated schedule, including the three-month trial and run phase. Investors can also monitor developments in the company's ₹7,347.42 crore unexecuted order book, while noting that the company excludes price escalations and scope changes from that metric.