Jupiter Tatravagonka Railwheel Factory bags INR 113 Crore Order from the Ministry of Railways

Jupiter Wagons Limited (JWL) is pleased to announce that its material unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited (JTRFPL), has received a Letter of Acceptance (LOA) dated 9th September 2025 from the Ministry of Railways, Railway Board for the supply of 9,000 LHB Axles for FIAT-IR Bogies, valued at approximately INR 113 crores.

This significant order underscores Jupiter Group's growing role in strengthening India's passenger rail ecosystem and aligns with the Government of India's vision to modernize and expand safe, efficient, and future-ready rail transport across the country. The supply of advanced, precision-engineered axles will be integral to enhancing the performance, safety, and durability of Indian Railways' high-speed LHB coach fleet.

The order further strengthens JWL's presence in the rail components segment especially for passenger rolling stock. Aurangabad facility is already delivering 10,000 wheelsets per year. As a part of its long-term capacity-building strategy, the company is setting up a world-class forged axle and wheel manufacturing facility in Odisha with the investment of INR 2,500 crore to produce 100,000 forged wheelsets annually by 2027 for both domestic use and international markets, including the EU. This will play a pivotal role in reducing import dependency while strengthening India's domestic manufacturing base in line with the Make in India vision.

Shares of Jupiter Wagons Limited was last trading in BSE at Rs. 333.25 as compared to the previous close of Rs. 319.20. The total number of shares traded during the day was 2361616 in over 39142 trades.

The stock hit an intraday high of Rs. 345.00 and intraday low of 326.55. The net turnover during the day was Rs. 796228516.00.

Source : Equity Bulls

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