Punj Lloyd has bagged a contract worth of Rs 114 crore for building a railway siding for the Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL), a wholly owned state thermal power utility.
The scope of the work for the project includes earthwork in formation, ground improvement, construction of bridges, P-way works, workshop building, signaling and telecommunication, electrical and other miscellaneous activities in connection with the augmentation of MGR (Mary Go Round) system and railway siding for supply of coal to two 500-MW thermal power plants at Anpara in the Sonebhadra district in Uttar Pradesh.
This is its first ever railway contract won by the company, the construction and engineering company said in a filing to the stock exchanges. The contract is scheduled to be completed in fifteen months.
With this latest contract, the order backlog for Punj Lloyd Group on a consolidated basis has gone up to Rs 21,512 crore. This is the total value of unexecuted orders as on December 31, 2010, and new orders received after that day, the company said.
The stock was up around 1% at Rs 74.75 on the National Stock Exchange (NSE) at 1208 hours.