Shares of Rail Vikas Nigam (RVNL) surged 4.6% to hit a fresh high of Rs 427.90 on Tuesday, catching the eye of investors. The reason behind the jump? RVNL bagged the lowest bid (L1) for a significant project worth Rs 137.16 crore with Central Railway. The deal involves upgrading power infrastructure for the Bhusaval-Khandwa railway sections, an essential move to handle a hefty 3000 MT loading target. In its official announcement, RVNL detailed the project, which includes designing, supplying, and commissioning traction substations and sectioning posts as part of an effort to modernize the region’s 132/55 KV traction system. And here’s the kicker—the project is slated for completion in just 12 months. This fresh win adds to a solid track record, with RVNL shares already up a whopping 125% over the past year and 124% this calendar year. Despite the positive news, the stock has stumbled in recent months. RVNL shares are down about 23% over the last six months, with a minor dip of 1.8% in the past three months.