Thank you for your reply sierpinski.

I am able to transfer the same file manually using FileZila which too takes more than 120s. Alas I cannot access the Server any other way than through the ftp account. Is there some way to resume or send the file in parts? is the alarm way suitable for this(http://www.perlmonks.org/index.pl?node_id=317408), renew the connection before 120s is up? shooting in the dark here.