LCC Projects Limited has received a Letter of Commitment (LOC) from Reliance Industries Limited for civil works related to a 400kV Load Pooling GIS Substation at Jamnagar, Gujarat, under the Kutch RE Project - Z2.
Key Contract Details
- Contracting Entity: Reliance Industries Limited
- Project Description: Civil Works for 400kV Load Pooling GIS Substation at Jamnagar, Gujarat under Kutch RE Project - Z2
- Basic Order Value: ₹62.32 Crore (exclusive of GST)
- GST Treatment: 18% extra applicable on basic order value
- Execution Timeline: 9 months from the date of Letter of Commitment (October 9, 2026)
- Nature of Work: Domestic entity, domestic work
- Contract Status: Letter of Commitment received, authorizing the company to proceed with the job
Significant Terms and Conditions
- The company is authorized to proceed with the job based on the Letter of Commitment.
- Other terms and conditions shall be as per mutually agreed General Conditions of Contract (GCC) and Special Conditions of Contract (SCC).
Related Party Considerations
- No promoter/promoter group/group companies have any interest in Reliance Industries Limited
- The contract does not fall within related party transactions
Company Undertaking
The company has undertaken to update the exchanges in case of any further developments in relation to this project.