Rail Vikas Nigam Limited (RVNL) shares surged over 2% in morning trade after securing a ₹270 crore contract from Maharashtra Metro Rail Corporation Limited (MahaMetro).
The project, part of the NMRP Phase-2 initiative, involves constructing 10 elevated metro stations in Maharashtra, including key locations like Hingna, Rajiv Nagar, and Wanadongri.
The contract, confirmed via a Letter of Acceptance, covers seven stations in Reach 3A and three in Reach 4A. Valued at ₹270.08 crore (inclusive of GST), the project has a completion timeline of 30 months.
RVNL shares opened at ₹472.50, reaching a high of ₹482.00 and a low of ₹470.10 in today’s trading session. The stock is significantly below its 52-week high of ₹647.00 but well above its 52-week low of ₹165.60.
As of 9:24 am, RVNL shares were trading 1.38% higher at Rs 476.40 on the NSE.
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