LCC Projects Shares Surge Over 31% In Market Debut

LCC Projects is a company that builds water and irrigation infrastructure.

Its shares began trading on Thursday.

The shares opened much higher than the price offered in the IPO.

They rose by more than 31% on the BSE and nearly 30% on the NSE.

Many investors wanted to buy shares in the IPO.

The company plans to use some of the new money to buy equipment and repay debt.

It also works on dams, canals, pipelines and water-supply projects.

Investors will watch how well it completes projects and grows its business.