RVNL received a letter of acceptance from Maharashtra Metro Rail Corporation for an order worth Rs 270 crore.

This is for the construction of elevated metro stations for NMRP Phase-2 subsuming seven stations in Reach 3A—Hingna Mount View, Rajiv Nagar, Wanadongri, APMC, Raipur, Hingna Bus Station, and Hingna—and three stations in Reach 4A—Pardi, Kapsi Khurd, and Transport Nagar.

The project is to be executed within 30 months. 

Last week, the company had received order worth Rs.187 crore from East Central Railway for the design, supply, erection, testing & commissioning of traction substations with associated switching posts for the upgradation work of the electric traction system.

The stock price has reacted positively to this news and from its close of Rs.469.90, opened at Rs.472 and then soon rose 2.5% to an intraday high at Rs.481.95. Its 52-week high is at Rs.647 and low at Rs.165.77.