Jupiter Wagons arm secures ₹255 crore deal; here are the details

This deal aims to strengthen Jupiter’s footprint in India’s railway infrastructure sector and contributes to the nation’s push for self-reliance in mobility solutions.

The company will deliver high-performance wheelsets with an 840 mm diameter designed for 25-ton axle load applications under this contract. This order marks a major milestone, bringing the company’s total order book to ₹560 crore, it said.

Further, Jupiter is expanding its production capacity to meet the increasing demand for railway components. The company is looking to invest ₹2,500 crore in a new manufacturing facility set up in Odisha.

Once this facility is operational, it will boost the production and annual capacity from 20,000 forged wheels and axles to 1,00,000 forged wheelsets per year.

This project is currently under progress as per the planned timeline with the COD (Commercial Operation Date) for axle production expected to be completed by December 2026. Additionally, the complete wheel and axle production unit is targeted to be completed by December 2027.

As part of its strategic expansion plans, Jupiter is targeting ₹600 crore in revenue from its wheel business in FY26, nearly doubling its current contribution. This growth will be driven by increased production capacity, strong order inflows, and enhanced domestic manufacturing capabilities.

Mr. Vivek Lohia, Managing Director, Jupiter Wagons Limited, said, "This order from Braithwait & Co. underscores the trust in Jupiter Tatravagonka Railwheel Factory's manufacturing excellence and our ability to meet the evolving demands of India's railway sector.

With the rapid expansion of freight and passenger rail networks, there is a critical need for reliable, high-performance wheelsets produced domestically at scale. Our Odisha facility will be a game-changer in this space, ensuring India’s self-sufficiency in wheelset manufacturing while also positioning us as a global supplier. This milestone aligns with our commitment to strengthening the railway supply chain, reducing import dependency, and driving innovation in railway mobility solutions”.

Beyond rail infrastructure, Jupiter Wagons is also making strides in the electric vehicle sector. Its subsidiary, Jupiter Electric Mobility Pvt. Ltd (JEM), is set to launch its commercial electric vehicle, JEM TEZ, on March 3, 2025, in Indore. This expansion highlights the company’s broader strategy to enter sustainable and future-ready mobility solutions.

At 11:56 AM, shares of Jupiter Wagons are currently trading 2.78% lower at ₹299.25 apiece on the NSE.