Shares of Rail Vikas Nigam Limited (RVNL) were trading in the green on 12 October after the company announced that it has emerged as the lowest bidder for a project of Northeast Frontier Railway. 

The project scope includes the supply, installation, commissioning, and testing of an integrated tunnel communication system in the Sukhovi-Pherima new single-line section of the Lumding Division at the project cost of Rs 28.73 crore. 

On 7 October, the company received a LoA (Letter of Acceptance) for the design and construction of an elevated metro viaduct from Maharashtra Metro Rail Corporation Limited. The cost of the said project is 394.89 crore and has to be executed in 30 months. 

On 3 October, the company emerged as the lowest bidder for a Rs 444.26 crore project to develop distribution infrastructure at North Zone of Himachal Pradesh under the revamped reforms-based and result-linked distribution scheme. 

The company has also received a LoA from Maharashtra Metro Rail Corporation Limited for multiple projects. That is: 

1. Construction of six elevated metro stations Viz. Pili Nadi to Lekha Nagar in Reach-2A. 
2. Construction of one elevated and one at-grade station, viz. Ecopark and Metro City in Reach-IA, respectively.
3. At-Grade Section Formation earthwork, boundary wall, and retaining wall.
4. A multi-storied building at Tulsi School Land (at Sitabuldi) of NMRP Phase-2.
5. Elevated Metro track supporting structure for Eco Park Metro station.

At 11:58 am, the shares of Rail Vikas Nigam Ltd were trading at Rs 165.90 or 0.42% above its previous close on NSE.