RVNL shares surged over 13% after it emerges as the lowest bidder for making Vande Bharat trains

Rail Vikas Nigam Ltd (RVNL) shares skyrocketed on March 2, after a joint venture (JV) of the company and Russian firm Transmashholding (TMH) emerged as the lowest bidder for the manufacture and maintenance of 200 lightweight Vande Bharat trains.