Shares of Rail Vikas Nigam (RVNL) rose in morning trade on April 6 after the company announced it had won a project on the Northern Central Railway.

Rail Bikash Nigam has emerged as the lowest bidder (L1) for the provision of E1-based automatic signalling along with continuous track circuiting and other related works including electronic interlocking/RRI/PI stations at Jhansi (incl) – Gwalior (incl) route along with suitable indoor switches of North Central Railway. The company informed the exchange in the section of the Jhansi division.

The above project costs Rs 121 crore, excluding GST and will be implemented within 545 days.

Shares of Rail Vikas Nigam were trading at Rs 74.42 per share on the BSE at 9:23 am, up Rs 0.98 or 1.33%.

The stock hit a 52-week high of Rs 84.15 and a 52-week low of Rs 29 on November 29, 2022, and June 21, 2022, respectively.

Currently, it is trading 11.56% below its 52-week high and 156.62% above its 52-week low.