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L&T Construction & DFCCIL signs contract valued Rs. 2,864 Crore for Eastern Dedicated Freight Corridor

Posted On: 2018-03-15 23:13:00

The Railways Strategic Business Unit of L&T Construction's Transportation Infrastructure Business has signed a major contract worth Rs. 2,864 Crore with the Dedicated Freight Corridor Corporation of India Ltd. (DFCCIL).

The prestigious order was secured against stiff competition from five other major EPC companies. The EPC order involves construction of 222 Route Km of a single-track corridor from Khurja to Pilkhani in Uttar Pradesh. This is Larsen & Toubro's first EPC Civil, Structure & Track project in the Eastern Dedicated Freight Corridor. In the Western Dedicated Freight Corridor, L&T already has a share of 71% in the civil packages and 100% share in the electrical packages.

DFCCIL is a special purpose vehicle of the Indian Railways, mandated to build dedicated freight corridors. This project will be funded by World Bank (WB) and is a part of the 1856 km Eastern Corridor proposed between Ludhiana (Punjab) and Dankuni (West Bengal).

The scope of work includes construction of single railway track including yards, 75 major & 588 minor bridges, 1 rail over bridge modification, 4 rail flyovers, 21 stations along with construction of all associated works.

The project is planned to be executed using completely mechanized means of track linking using the latest technology in railway construction.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1295.05 as compared to the previous close of Rs. 1302.45. The total number of shares traded during the day was 213695 in over 3135 trades.

The stock hit an intraday high of Rs. 1309.4 and intraday low of 1292. The net turnover during the day was Rs. 278431650.


Source: Equity Bulls

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