Punj Lloyd has secured an EPC railway contract worth Rs 4.78 billion for 108.75 km of doubling work between Phulera-Degana in Rajasthan.

The scope of work entails composite works of construction of 2nd railway line with civil infrastructure work, track work, signalling and telecommunication work. The project site falls between Jaipur - Jodhpur section.

Atul Jain, Director Punj Lloyd Group said, ''I am pleased our EPC expertise is now being leveraged in Railway projects. Indian Railways has taken cognisance of the fact that improved and modernised project execution capabilities are critical for speedy capacity creation and have moved away from conventional rate contracts to adopt the Engineering, Procurement and Construction (EPC) mode of contracting for construction. This is the first EPC contract awarded by North Western Railways for Doubling of BG line.''

The Group's order backlog stands at Rs. 108.45 billion, after excluding orders of Rs 68.45 billion in Libya, which are not seeing traction. The order backlog is the value of unexecuted orders on June 30, 2017 plus new orders received after that date.

Shares of the company declined Rs 0.35, or 1.85%, to trade at Rs 18.60. The total volume of shares traded was 83,065 at the BSE (9.34 a.m., Friday).