Jupiter Wagons Bags Rs 957 Crore Contract from the Ministry of Railways for Manufacturing and Supply of BOSM Wagons

Jupiter Wagons, a provider of comprehensive mobility solutions encompassing rail, road and marine transportation has announced the acquisition of a 957 Crores contract from the Ministry of Railways (Railway Board) for the manufacturing and supply of BOSM Wagons.

The Ministry of Railways, in its letter dated March 6, has awarded Jupiter Wagons the manufacturing and supply contract for 2,237 units of BOSM wagons. These wagons are specifically designed for the efficient transport of bulk goods such as coal and ore within the Indian railway network. This initiative is poised to catalyse smoother trade and foster economic growth.

The contract, valued at a staggering Rs. 957 crores, further strengthens Jupiter Wagons' position in the market and highlights its capabilities in catering to large-scale projects. With a focus on innovation, efficiency, and customer satisfaction, Jupiter Wagons is ready to execute the order with utmost diligence and adherence to the highest standards of quality and safety.

Mr. Vivek Lohia, Managing Director, Jupiter Wagons, expressed his gratitude, stating, "We are deeply honored by the Ministry of Railways' decision to entrust us with this esteemed project. This significant order serves as a reaffirmation of our standing as a reliable partner within the railway industry. This opportunity is a testament to our dedication to supporting the nation's railway modernization endeavours. We eagerly anticipate playing a pivotal role in the realization of the government's visionary goals, leveraging our expertise and resources to contribute meaningfully to the advancement of India's railway infrastructure."

Jupiter Wagons extends its sincere appreciation to the Ministry of Railways for their continued confidence and support. The company remains committed to contributing towards the advancement of India's railway infrastructure and looks forward to delivering value through this partnership.

Shares of Jupiter Wagons Limited was last trading in BSE at Rs. 340.45 as compared to the previous close of Rs. 363.05. The total number of shares traded during the day was 277854 in over 8803 trades.

The stock hit an intraday high of Rs. 372.40 and intraday low of 338.40. The net turnover during the day was Rs. 96167461.00.

Source : Equity Bulls

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