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Chennai Metro s Milestone: Driverless Trains To Pass Through 12-Storey Building In Thirumangalam

Chennai Metro s Milestone: Driverless Trains To Pass Through 12-Storey Building In Thirumangalam
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RVNL rises 4% on Rs 2,326-crore Chennai metro project win

RVNL shares rise over 4% on multiple project wins

Rail Vikas Nigam (RVNL) has received three letters of acceptance from Chennai Metro Rail for various underground stations. The orders are valued at INR 3,058.20 Crore ($412m), and the projects will be completed in a span of up to five years. The share price of the PSU rose over 4% on BSE following the announcement of the orders. Analysts remain bullish on the stock, and the consensus recommendation from one is a strong buy, with an average target price showing an upside potential of 5% from current market prices.

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