Jupiter Wagons Secures Rs 1,617-Crore Railways Order, Stock Gains 2%

15 Dec 2023 , 02:48 PM

Jupiter Wagons’ stock rose by 2% in early trading on December 15. The Ministry of Railways awarded the company a Rs 1,617-crore order for the manufacture and supply of 4,000 BOXNS wagons. The order contract was confirmed through a letter of acceptance dated December 14, 2023.

Jupiter Wagons reported a consolidated net profit of Rs 82.07 crore for the quarter ended September 2023. On December 4, the company’s QIP Committee allotted 12,80,65,95 equity shares to qualified institutional buyers at an issue price of Rs 315 per share, aggregating to Rs 403.40 crore.

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