Shares of Rail Vikas Nigam Limited (RVNL) were trading in the green and 5% higher on 1 April after the state-run company announced emerging as the lowest bidder for three orders.

In its regulatory filing, the company said, “RVNL has emerged as the lowest bidder from SER HQ-Electrical/South Eastern Railway for design, supply, erection, testing and commissioning for upgradation of electric traction system from 1 x 25 kilovolt to 2 x 25 kilovolt traction system for Kharagpur (Excl.) Bhadrak (Excl.) section of Kharagpur division of South Eastern Railway to meet the 3000 million tonnes loading target,” and added that the cost of work for the project stands at Rs 148.26 crore and has to be completed in 18 months.

The company has also emerged as the lowest bidder for the engineering, procurement, construction of design, supply, erection, testing and commissioning of 25 kV, 50 Hz, Single Phase, AC, Electrification OHE and TSS Works of Araria – Thakurganj New line Section in connection with new line project of Araria – Galgalia of NF Railway for a total consideration of Rs 95.95 crore, including associated works and supply, erection, modification, testing and commissioning of SCADA for the section, and has to be executed in 240 days.

The company’s Joint Venture with Salasar Techno Engineering in which it holds a share of 49% has also emerged as the lowest bidder for plant, design, supply and installation of 45.8 km, 110 kilovolt Double Circuit Rukarara-Huye-Gisagara Transmission Lines from Energy Development Corporation Limited for a total cost of $7.15 million.

At 2:28 pm, the shares of Rail Vikas Nigam were trading 3.32% higher at Rs 261.30 on NSE.