Railway stock, Jupiter Wagons secures order worth Rs 255 Cr from Braithwait & Co
Braithwait & Co. awarded Jupiter Tatravagonka Railwheel Factory Pvt. Ltd., a significant subsidiary of Jupiter Waggons Limited, a Rs 255 crore contract to deliver 9,140 high-performance wheelsets.
Railway stock, Jupiter Wagons secures order worth Rs 255 Cr from Braithwait & Co
Kolkata-based Public Sector company, Braithwait & Co. placed an order for 9,140 high-performance wheelsets worth Rs 255 crore with Jupiter Waggons, a manufacturer of rail stock wheelsets. Improved local manufacturing and increased production capacity improve India's market position and help it become more independent in its railway infrastructure.
Braithwait & Co. awarded Jupiter Tatravagonka Railwheel Factory Pvt. Ltd., a significant subsidiary of Jupiter Waggons Limited, a Rs 255 crore contract to deliver 9,140 high-performance wheelsets. Jupiter's standing as a top domestic manufacturer in India's railway industry is strengthened by this order.
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With this latest order, Jupiter’s total order book has surged to Rs 560 crore, reflecting its growing influence. The company is targeting Rs 600 crore in revenue from its wheel business in FY26, driven by expanding capacity, robust order inflows, and enhanced domestic manufacturing capabilities.
The rail wheel maker unit is investing Rs 2,500 crore in a state-of-the-art facility in Odisha. The plant will boost production capacity from 20,000 to 1,00,000 wheelsets annually. The project is on track, with full operations expected by December 2027.
As of February 13, 2025, Jupiter Wagons Ltd secured a Rs 600 crore order from Ambuja Cements and ACC for BCFCM rakes. This boosts its order book to Rs 7,000 crore, reinforcing its leadership in railway wagon manufacturing and freight solutions.
Read Also : Coal India’s arm Monetizes 2 MTPA Dugda Coal Washery, ensuring Energy Self-relianceAfter closing at Rs 307.60, Jupiter Waggons Ltd.'s shares opened at Rs 310.05, up 0.80%. The stock fell as low as Rs 300.75 and rose as high as Rs 312.70 (1.66%). It has a market value of Rs 12,785.88 crore and was trading at Rs 301.20 at 10:05 AM.
As of February 13, 2025, Ambuja Cements and ACC have placed an order for BCFCM rakes for Rs 600 crore with Jupiter Waggons Ltd. This strengthens its position as a leader in freight solutions and railway wagon production by increasing its order book to Rs 7,000 crore.
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