LCC Projects gets Rs 62.32 Cr LOC from Reliance Industries

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LCCPROJECT · price

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Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹143.59

prior close

₹144.90

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-3.0% vs market

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AI summary

LCC Projects received a Letter of Commitment from Reliance Industries for civil works of a 400kV Load Pooling GIS Substation at Jamnagar, Gujarat, under the Kutch RE Project Z2. The order is worth Rs 62.32 crore (excluding GST) and is to be completed within 9 months. The contract is domestic and not a related party transaction.

Likely market impact

Adds Rs 62.32 Cr to the order book from a reputed client, supporting revenue visibility over the next 9 months.