LCC Projects receives Letter of Commitment from Reliance Industries for Jamnagar 400kV substation civil works
LCC Projects Ltd received a Letter of Commitment from Reliance Industries Ltd for civil works of a 400kV Load Pooling GIS Substation at Jamnagar, Gujarat under Kutch RE Project - Z2.
- Order Value
- ₹ 62.32 Crore, exclusive of GST
- GST
- 18% extra as applicable
- Execution Period
- 9 months
LCC Projects Ltd has informed the exchanges that it has received a Letter of Commitment (LOC) from Reliance Industries Limited.
What has been received
- Civil Works for a 400kV Load Pooling GIS Substation at Jamnagar, Gujarat, under the Kutch RE Project - Z2.
- The update states the Company is authorized to proceed with the job. Other terms and conditions shall be as per mutually agreed GCC and SCC.
Size and terms of the work
- Basic order value: ₹ 62.32 Crore, exclusive of GST.
- GST at 18% is extra, as applicable.
- The work is a domestic contract awarded by a domestic entity.
- The Letter of Commitment is dated 9th October 2026.
Timeline
- The work is to be executed within 9 months from the date of the Letter of Commitment.
Other points in the update
- The promoter, promoter group and group companies have stated they have no interest in the entity that awarded the contract.
- The contract would not fall within related party transactions.
How to read this
A Letter of Commitment is a written authorisation from the awarding entity allowing the Company to proceed with the job. The Company has said it will update the exchanges in case of any further developments in relation to the project.
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More numbers
- Estimated basic order value (page 1)₹ 62.32 Crore
- Basic order value (Annexure A)₹ 62.32 Crore
- GST rate applicable on the order18%
- Execution period9 months
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