Shares of Rail Vikas Nigam Limited rallied 4% during the early trading hours on 21 March after the company announced bagging an order from Maharashtra Metro Rail Corporation Limited.

Its regulatory filing said, “The company has received the Letter of Acceptance (LOA) from Maharashtra Metro Rail Corporation Limited for design and construction of elevated viaduct between PCMC and NIGDI (Bhakti Shakti) on the North-South Corridor of Pune Metro Rail Project- Reach l -Extension.”

The company said that the contract is worth Rs 339.23 crore and has to be executed in 130 weeks.

Earlier last week, the company bagged two projects worth Rs 386 crore from Central Railway and Maharashtra Metro Rail Corporation Limited.

The company has also received an LOA for the development of distribution infrastructure in both the North and South zones of the state of Himachal Pradesh from the Himachal Pradesh State Electricity Board.

The total cost of the North zone project is Rs 409.65 crore, whereas the South zone project’s total cost is Rs 888.56 crore, and both the North zone project and South zone project have to be executed within 24 months.

At 10:20 am, the shares of RVNL were trading 3.13% higher at Rs 246.70 on NSE.