Jupiter Wagons Ltd enters into contract worth Rs. 473 crores with Government of India

Jupiter Wagons, a provider of comprehensive mobility solutions encompassing rail, road and marine transportation has announced the receipt of a significant contract with the Ministry of Defence for the manufacturing and supply of 697 Boggie Open Military (BOM) Wagons.

This esteemed contract, valued at INR 473 Crores, along with the visionary leadership of the Ministry of Defence underscores Jupiter Wagons' commitment to India's firm stance for an Atmanirbhar Bharat. This landmark contract, mark a significant step towards bolstering indigenous production and fostering the participation of the private sector in defence manufacturing.

The Bogie Open Military (BOM) wagons, serve as specialist wagons crucial for the mobilization of Indian Army units. These wagons play a pivotal role in transporting various military assets to operational areas. This critical rolling stock ensures the swift and simultaneous induction of units and equipment as well as facilitates their movement for military exercises and station transfers.

Mr. Vivek Lohia, Managing Director, Jupiter Wagons, expressed his enthusiasm about the significant milestone, stating, "In the pursuit of a self-reliant India, Jupiter Wagons Limited proudly steers forward, contributing significantly to Atmanirbhar Bharat through our recent contract for 697 Boggie Open Military Wagons. Valued at Rs. 473 Crores, this collaboration with the Ministry of Defence exemplifies our commitment to indigenous production, reinforcing the spirit of Make in India. We, at Jupiter Wagons, are honored to play a crucial role in bolstering our nation's defence capabilities, marking a giant leap towards a self-sufficient and resilient India in the realm of defence manufacturing."

Jupiter Wagons Ltd. is proud to contribute to the indigenous manufacturing ecosystem and support the Government of India's vision of an Atmanirbhar Bharat with its Make in India initiatives. This contract not only underscores the capabilities of Jupiter Wagons Limited in meeting the stringent requirements of the Ministry of Defence but also signify a giant leap towards a self-sufficient and resilient India in the realm of defence manufacturing.

Shares of Jupiter Wagons Limited was last trading in BSE at Rs. 331.60 as compared to the previous close of Rs. 317.65. The total number of shares traded during the day was 124596 in over 2569 trades.

The stock hit an intraday high of Rs. 333.50 and intraday low of 315.40. The net turnover during the day was Rs. 40962466.00.

Source : Equity Bulls

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