LCC Projects Limited receives Rs 703 crore Gujarat water EPC LOI

LCC Projects Limited said on November 3, 2026, that it received a Rs 703 crore water-supply engineering, procurement and construction project letter of intent from Gujarat Water Supply and Sewerage Board, excluding goods and services tax, with 18 months for execution and 10 years of comprehensive operations and maintenance.

What is the Rs 703 crore LCC Projects water-supply LOI?

The letter of intent, or LOI, gives LCC Projects a domestic engineering, procurement and construction, or EPC, water-supply assignment valued at Rs 703 crore excluding applicable goods and services tax, or GST. The company disclosed the LOI on November 3, 2026, while the awarding authority's LOI is dated November 2, 2026.

The disclosed work is part of a water-supply scheme based on Bhadbhut Barrage for industries and rural areas in Gujarat's Bharuch and Vadodara districts. The project location specified in the filing is Bharuch district, even though the scheme is described as serving areas across both Bharuch and Vadodara districts.

The Rs 703 crore figure is the broad consideration stated in the LOI disclosure, rather than revenue reported for a completed period. LCC Projects said the value excludes GST as applicable, so the filing does not provide an inclusive contract value or a separate tax amount.

Who awarded the LCC Projects order?

Gujarat Water Supply and Sewerage Board awarded the LOI to LCC Projects. The filing classifies the board as a domestic entity and identifies the assignment as domestic work, placing both the customer and the project within India.

LCC Projects stated that its promoter, promoter group and group companies have no interest in Gujarat Water Supply and Sewerage Board. It also said the order does not fall within related-party transactions, distinguishing the Rs 703 crore award from a transaction involving a disclosed affiliated entity.

Under the disclosed terms, LCC Projects will be fully responsible for executing the works, meeting contractual obligations and receiving payments due under the LOI and tender-document terms. The filing does not set out payment milestones, advance-payment conditions, retention provisions or penalties, so those commercial details cannot be determined from the announcement.

When must LCC Projects complete the project?

LCC Projects has 18 months, including a three-month trial-and-run period, to execute the EPC work from the November 2, 2026 LOI date. The disclosed construction programme therefore includes trial and run within the 18-month execution window rather than listing it as an additional period.

The same filing provides for 10 years of comprehensive operations and maintenance, or O&M, covering the entire scope after the construction assignment. The 10-year O&M duration equals 120 months, compared with the 18-month EPC execution period, making the stated maintenance responsibility longer than the build programme.

The comparison separates two disclosed obligations: the 18-month EPC stage and comprehensive O&M for 10 years. LCC Projects did not disclose a value split between EPC construction, trial-and-run activities and the subsequent O&M responsibility within the Rs 703 crore order value.

What infrastructure will LCC Projects build and operate?

LCC Projects will undertake working surveys, design and construction of an intake well and approach bridge under the Bhadbhut Barrage-based scheme. The scope also includes providing, supplying, lowering, laying and jointing rising-main pipelines of various diameters.

The stated civil scope further includes a sump, pump house, staff quarters and a compound wall. These elements place civil structures alongside pipeline works in the Rs 703 crore project, rather than limiting the assignment to supply of pumping equipment.

LCC Projects will also supply and erect pumping machinery, electro-mechanical systems, instrumentation and supervisory control and data acquisition, or SCADA, works at various headworks and sub-headworks. The company will hold comprehensive O&M responsibility for the entire disclosed work for 10 years.

The filing describes the project as serving industries and rural areas of Bharuch and Vadodara districts. It does not quantify water capacity, pipeline length, number of pumping stations, beneficiary villages or industrial users to be served by the Bhadbhut Barrage-based scheme.

What does the LOI say about LCC Projects' responsibilities?

LCC Projects is responsible for complete execution of the contracted works and fulfilment of contractual obligations under the LOI and tender documents. That responsibility extends across the 18-month execution phase, including the three-month trial-and-run component, and the 10-year comprehensive O&M period.

The announcement is an intimation of receipt of an LOI under the listing disclosure framework, not a detailed copy of the underlying tender or contract. Accordingly, it confirms the Rs 703 crore value, scope and timelines, but does not disclose commencement conditions, performance-security requirements, cost-escalation terms or a project-wise revenue-recognition schedule.

For the reported project, the principal disclosed change is the addition of a Rs 703 crore domestic water-supply EPC mandate with a long O&M component. The filing does not provide LCC Projects' existing order book, prior-period order intake or earlier water-supply contract values, so no comparison with the company's prior project pipeline can be made from this announcement alone.

Conclusion

The LOI adds a Rs 703 crore, GST-exclusive water-supply EPC assignment for LCC Projects, combining intake, pipeline, civil, pumping, instrumentation and SCADA works under a Bhadbhut Barrage-based scheme. Its structure combines an 18-month construction and trial-and-run programme with 10 years of comprehensive O&M, while Gujarat Water Supply and Sewerage Board is disclosed as an unrelated domestic awarding authority.

The next disclosed milestone is execution from the November 2, 2026 LOI date, including three months of trial and run within the 18-month period. LCC Projects said it would update the market on further developments, while the filing leaves unresolved the payment schedule, EPC-O&M value allocation and detailed operating metrics of the scheme.