The shares of Rail Vikas Nigam were trading 2% higher during the intra-day session on 31 August after the company emerged as the lowest bidder for the Maharashtra Metro Rail Corporation project. 

The said project includes the construction of six elevated metro stations, viz. Pili Nadi to Lekha Nagar in reach-2A, one elevated and one at-grade station viz. eco-park and metro city in reach-IA, respectively.

The total cost of the project is estimated at Rs 256.19 crore. 

The project also includes:

• At-grad section formation earthwork.
• Retaining wall and boundary wall.
• Track supporting system for elevated metro for eco-park metro station and multi-storied building at Tulsi School Land of NMPR Phase-2. 

In July, the company received a Letter of Award for two projects worth Rs 331.62 crore from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company in the Jabalpur Company Area.

The company’s shares have gained 126.95% in the last 6 months and 295.30% in one year. 

At 10:50 am, the shares of Rail Vikas Nigam were trading at Rs 130.30 or 1.40% above its previous close on NSE.