Rail Vikas Nigam (RVNL) shares rose as much as 7.3% to an intra-day high of Rs 514.65 after the company emerged as the lowest bidder for two projects worth Rs 270 crore. The timeline to complete the project is 30 months.

RVNL share price rose after the company announced that it has emerged as the lowest bidder (L-!) for a project worth Rs 270.78 crore.

RVNL will also build three elevated metro stations to reach Pardi, Kapsi Khurd, and Transport Nagar, as part of Nagpur Metro Rail Project Phase-2.

Rail Vikas Nigam Ltd (RVNL) shares are in the sportlight as the PSU emerged as the lowest bidder for a Rs 270 crore Maharashtra Metro Rail project involving the construction of 10 elevated stations.

State-run Rail Vikas Nigam Ltd (RVNL) on Wednesday (October 16) said it has emerged as the lowest bidder (L1) for a contract awarded by Maharashtra Metro Rail Corporation Ltd. The project, valued at approximately ₹270 crore (including GST),