Jupiter Wagons Secures Rs 100 Crore Order for Innovative Double-Decker Automobile Carrier Wagons

8 Jan 2024 , 12:33 PM

Jupiter Wagons’ shares increased by 1.4% in early trade on January 8 following a Rs 100 crore order from a leading automobile manufacturer.

The stock was quoting at Rs 351.65, up 2.63%, on the BSE at the time of writing.

The company secured a contract for manufacturing and supplying four rakes of double-decker automobile carrier wagons for SUV editions.

These wagons feature advanced technologies like articulated bogies and reduced idling time due to sick wagon substitution.

The introduction of these wagons to Indian Railways is a first, designed to meet maximum moving dimensions suitable for the dedicated freight corridor (DFC) and a significant portion of the national railway network.

Jupiter Wagons’ Managing Director, Vivek Lohia, emphasized the company’s commitment to contributing to the nation’s railway infrastructure development.

Earlier on January 4, the company won a Rs 473-crore contract from the defense ministry for 697-bogie open military (BOM) wagons.

In December, the Ministry of Railways awarded Jupiter Wagons a contract to manufacture and supply 4,000 BOXNS wagons for Rs 1,617 crore.

The stock’s 52-week high was Rs 412.50, and the low was Rs 85.37 on September 6, 2023, and March 28, 2023, respectively.

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