Jupiter Wagons Limited achieves significant milestones in Battery Technology for Indian Railways

Jupiter Electric Mobility Private Limited, a subsidiary of Jupiter Wagons Limited (JWL), in partnership with Log9 Materials Private Limited - a leading Indian company in deep tech innovation and energy storage technologies, has announced a key milestone in the development and certification of our Lithium-Ion Phosphate (LFP) battery technology, enhancing the efficiency and sustainability of rail transport in India.

Key Achievements:

1. RDSO Certification for Non-AC Coaches: Successful completion of a six-month trial of its 11.2 kWh LFP battery pack for rail coaches, making Jupiter the first company to receive certification from the Research Designs and Standards Organisation (RDSO). This marks a significant achievement in the advancement of battery technology for Indian Railways.

2. Contract Awarded by Siemens: Awarded a purchase order by Siemens for the supply of 36 auxiliary batteries, each with a capacity of 72.8 kWh, for 9 Vande Bharat Trainsets. This order underscores the trust and reliability that Siemens places in these advanced battery solutions. Additionally, the 72.8 kWh LFP battery pack has received RDSO approval, further validating its performance and safety.

3. Technical Qualification by BHEL: The 72.8 kWh LFP battery pack has been technically qualified by BHEL for use in Vande Bharat Trainsets. This qualification by BHEL, a major player in the railway sector, demonstrates the robustness and technical excellence of Jupiter's battery solutions. These milestones reflect our commitment to supporting the modernization and electrification of Indian Railways, contributing to a greener and more efficient transportation network. Our LFP battery technology offers superior performance, safety, and longevity, making it an ideal choice for a wide range of railway applications.

Commenting on these significant achievements, Mr. Vivek Lohia, Managing Director of Jupiter Wagons, said, "These accomplishments underscore our steadfast dedication to innovation and excellence in railway technology. The RDSO certification, the confidence shown by Siemens, and the technical qualification by BHEL are clear indicators of the superior quality and dependability of our LFP battery solutions. Given the significant demand from Indian Railways and the shift from conventional energy sources towards sustainable and energy efficient solutions, we believe this business can emerge as a significant contributor to overall revenues over a medium to long-term horizon."

Shares of Jupiter Wagons Limited was last trading in BSE at Rs. 695.95 as compared to the previous close of Rs. 692.30. The total number of shares traded during the day was 288735 in over 10585 trades.

The stock hit an intraday high of Rs. 709.75 and intraday low of 690.80. The net turnover during the day was Rs. 202188769.00.

Source : Equity Bulls

Keywords

JupiterWagons INE209L01016 Milestone BatteryTechnology IndianRailways Log9Materials