Jupiter Wagons Ltd receives Tallest Double Decker Automobile Carrier Wagons order worth around INR 100 crores

Jupiter Wagons, a provider of comprehensive mobility solutions encompassing rail, road and marine transportation has announced the receipt of a significant contract from one of the leading automobile manufacturers for the manufacturing and supply of 4 rakes of Double Decker Automobile Carrier Wagons worth around INR 100 crores.

These tallest Double Decker Automobile Carrier Wagons will be able to carry SUV editions on both bottom and top deck and come with a numbers of advanced technologies like articulated bogies and reduced idling time on account of sick wagon substitution. Such wagons are being introduced to the Indian Railways for the first time considering the maximum moving dimensions which not only suits the Dedicated Freight Corridor (DFC) but also will comply with a large section of the available national railway network.

Mr. Vivek Lohia, Managing Director, Jupiter Wagons, expressed his enthusiasm about the significant milestone, stating, "We are honored to be entrusted with this advanced technologies Tallest Double Decker Automobile Carrier Wagons from one of the automobile leaders. This achievement not only highlights our manufacturing prowess but also reinforces our commitment to contributing to the nation's railway infrastructure development. We are ready to leverage our expertise and resources to deliver these wagons, ensuring they meet the highest standards of quality and performance."

Shares of Commercial Engineers & Body Builders Co Limited was last trading in BSE at Rs. 342.60 as compared to the previous close of Rs. 331.60. The total number of shares traded during the day was 487239 in over 11353 trades.

The stock hit an intraday high of Rs. 345.15 and intraday low of 336.70. The net turnover during the day was Rs. 166188880.00.

Source : Equity Bulls

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