DELHI (Metro Rail News): Jupiter Wagons Limited received an order of Rs. 1,140 crore by the Ministry of Railways, according to the press release by the company on 29th October. The amount is meant for the demand of manufacturing and supplying of 2,583 BOXNHL and BOXNS wagons and aligns with the objective of National Rail Plan to increase the freight movement.
Further developments of Jupiter Wagons Limited
Jupiter Wagons Ltd. (JWL) is based in Kolkata and privately deals with the production of freight wagons, passenger coaches, wagon components, cast manganese steel crossings and castings.
The company has been witnessing regular strong demand by the private sector like private freight operators, wagon leasing companies and core sector customers. Getting such a huge opportunity from the Indian Railways recently marks a progressive direction towards growth for JWL. The Ministry of Railways has also released a tender for the procurement of 5,800 BOBRN wagons to support the near-term demand.
Vivek Lohia, the Managing Director of Jupiter Wagons Ltd., informed that they have done backward integration across the wagon value chain from castings, bogies, couplers to brake systems, and that the company is now extending this to wheelsets through their facility in Odisha. The recent expansion gives the company good control over cost, quality and delivery timelines. JWL is expecting an Incremental order of around Rs. 2,000 crore in the fourth quarter or current financial year (Q4 FY27).
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He also commented that the company is inclined towards improving their efforts to meet the expectations of Indian Railways, thereby helping the freight sector to grow further.
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