RVNL shares surge 8% to 52-week high after winning lowest bid for Nagpur Metro's Reach 2B project.
Rail Vikas Nigam Ltd (RVNL) shares surge 8% to reach a 52-week high of Rs 399.7 on Monday, following its win as the lowest bidder for six elevated metro stations in Nagpur Metro's Reach 2B of NMRP Phase 2. The project is worth Rs 187.34 crore and expected to be completed within 30 months. RVNL's shares have experienced a significant rally, gaining over 110% year-to-date and 230% in the past one year.
May 27, 2024
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