Jupiter Wagons Ltd. announced today that it has secured two significant orders totaling approximately ₹264.32 crore, leading to a recovery in its share price after an initial dip. The comprehensive mobility solutions provider will manufacture and supply a range of wagons for both public and private sector clients.
New Contracts Boost Order Book
The first contract is a Letter of Intent (LoI) with JSW (South) Rail Logistics Private Limited for the manufacture and supply of 5 BFNSM1 rakes along with BVCM wagons. This order is valued at ₹122.88 crore and is scheduled for execution within seven months from the LoI signing date. Jupiter Wagons will also provide 2 BFNV wagons to JSW based on earlier requirements.
In a separate development, Central Warehousing Corporation (CWC), a Government of India enterprise, awarded Jupiter Wagons a contract worth ₹141.44 crore. This agreement entails the manufacture and supply of 8 BLSS rakes, comprising 32 BLSS-A wagons, 352 BLSS-B wagons, and 8 brake vans. This contract is expected to be completed within one year from the date of the Letter of Award (LoA).
Strengthening India's Rail Logistics
Managing Director Vivek Lohia stated that these order wins from JSW (South) Rail Logistics and Central Warehousing Corporation will significantly strengthen the company's growth momentum. Lohia emphasized, "As India continues to invest in rail-led logistics, multimodal connectivity, and freight infrastructure, we see sustained opportunities across both public and private sector customers. The demand for efficient, specialised, and high-capacity rolling stock continues to grow."
Lohia further affirmed Jupiter Wagons' commitment to supporting India's transition towards enhanced logistics efficiency through advanced wagon solutions. The company believes these orders align with its strategic focus on bolstering the nation's rail freight capabilities with innovative platforms tailored to evolving customer requirements. With robust manufacturing facilities and a diversified product portfolio, Jupiter Wagons continues to play a pivotal role in modernizing India's transportation and logistics infrastructure.
Following the announcement, Jupiter Wagons shares, which had initially fallen by 2.57 percent to ₹260.70 apiece, recovered about 1 percent from their day's low to trade at ₹263.30.