The Railways Strategic Business Unit of L&T Construction's Transportation Infrastructure Business has signed a major contract worth Rs 28.64 billion with the Dedicated Freight Corridor Corporation of India (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.

Shares of the company declined Rs 5.05, or 0.39%, to trade at  Rs 1,290.00.  The total volume of shares traded  was  70,103 at the BSE (12.29 p.m., Friday).