RVNL shares rise over 3% on emerging lowest bidder for Rs 256 crore-project

Shares of Rail Vikas Nigam (RVNL) surged over 3% to Rs 132.8 in Thursday’s trade on BSE after the firm emerged as the lowest bidder for projects worth Rs 256 crore from Maharashtra Metro Rail Corporation.

The projects included six elevated metro stations viz. Pili Nadi to Lekha Nagar in reach-2A, one elevated and one at-grade station viz. Ecopark and Metro City in reach-IA respectively.