Rail Vikas Nigam Limited (RVNL) shares jumped 8% on winning Rs 543 crore projects. RVNL is a PSU railway firm, which announced on the company’s regulatory filing on March 9 that it had received a Letter of Acceptance (LoA) from Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) for the part design and construction of an elevated viaduct, metro rail stations, and a ramp for the Indore Metro Rail Project.

The elevated metro rail stations include Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony, and Palasia Chauraha.

The total order size is Rs 543 crore and will take 1092 days to complete. RVNL has a 51% stake in the project, and the remaining 49% is with URC.

Last week, as per the company’s regulatory filing on March 7, RVNL also received LoA from Himachal Pradesh State Electricity Board Ltd for the development of distribution infrastructure at the South Zone of Himachal Pradesh and won LoA for the North Zone distribution infrastructure.

The orders were worth Rs 888.56 crore and Rs 409.65 crore, respectively. Additionally, RVNL received LoA for the supply, installation, testing, and commissioning of 11 KV Line associated works in various circles of Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company Ltd (MPPKVVCL), Jabalpur Company area.

At 3:30 pm, the shares of RVNL closed 3.00% higher at Rs 245.10 on NSE.