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Business
LCC Projects Shares Surge After Winning L1 Bid for Rajasthan Sprinkler Irrigation Project
✍️ Business Standard
🗓 25 Sep 2026, 01:37 PM
👁 11
LCC Projects’ stock rose sharply after the firm emerged as the lowest bidder for a sprinkler irrigation scheme in Rajasthan.
LCC Projects Ltd., a construction and infrastructure firm, saw its shares climb on the BSE and NSE after it was declared the L1 bidder for a state‑run sprinkler irrigation project in Rajasthan. The company submitted the lowest bid for the tender, which aims to install modern sprinkler systems across several districts to improve water use efficiency in agriculture.
The Rajasthan government has earmarked the project as part of its broader push to promote micro‑irrigation and reduce groundwater depletion. While the exact contract value was not disclosed, analysts note that winning the bid could add a significant order book entry for LCC Projects, potentially boosting its revenue in the coming fiscal year.
Market participants welcomed the development, with the stock trading at a premium to its previous close. The company’s management has not issued a detailed statement yet, but it is expected to file the usual disclosures with the stock exchanges in the next few days.
The irrigation scheme, once operational, is expected to benefit thousands of farmers by delivering water directly to the root zone, thereby increasing crop yields and conserving water resources.
Investors will now watch how quickly LCC Projects can mobilise resources to meet the project timelines and whether the contract will translate into sustained earnings growth.
The Rajasthan government has earmarked the project as part of its broader push to promote micro‑irrigation and reduce groundwater depletion. While the exact contract value was not disclosed, analysts note that winning the bid could add a significant order book entry for LCC Projects, potentially boosting its revenue in the coming fiscal year.
Market participants welcomed the development, with the stock trading at a premium to its previous close. The company’s management has not issued a detailed statement yet, but it is expected to file the usual disclosures with the stock exchanges in the next few days.
The irrigation scheme, once operational, is expected to benefit thousands of farmers by delivering water directly to the root zone, thereby increasing crop yields and conserving water resources.
Investors will now watch how quickly LCC Projects can mobilise resources to meet the project timelines and whether the contract will translate into sustained earnings growth.