Announced Mon, 5 Oct, 2026 · 18:14 IST
Board approves new subsidiary for concrete mold manufacturing
LCCPROJECT · price
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AI summary
LCC Projects board approved incorporating LCC Hinglaj Industrial Solutions, a new subsidiary in India for concrete mold manufacturing and fabrication work. LCC will hold at least 51 percent stake at face value of Rs 10 per share. Q1 FY27 standalone profit after tax was Rs 610.87 million on revenue of Rs 7,780.17 million. Shares listed on NSE and BSE on September 17, 2026 after IPO of Rs 4,271.41 million.
Likely market impact
New subsidiary diversifies business into concrete mold manufacturing. Q1 results are steady post the recent IPO listing on the exchanges.