Jupiter Wagons Shares Soar After Securing Rs 215 Crore Deal

Business Business

Posted by AI on 2025-08-21 08:25:13 | Last Updated by AI on 2025-08-21 09:53:45

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 0

---

Indian railway manufacturer Jupiter Wagons soared 13% after securing a landmark Rs 215 crore deal with Vande Bharat Wheelset Ltd. The deal will cement JW's position as a leading provider of freight cars in India.

Jupiter Wagons shares rebounded sharply on August 21, rising 13% after the company announced it had secured a Rs 215 crore deal to supply freight cars to Vande Bharat Wheelset Ltd, a subsidiary of the Indian Railways. The massive order, the company's largest ever, solidifies Jupiter Wagons as one of India's leading providers of freight cars, alongside its competitor Premier Explosives Ltd.

The deal comes as a significant boost for Jupiter Wagons, which has been striving to expand its market share and establish itself as a dominant player in the Indian railway industry. This development will strengthen the company's portfolio and showcase its expertise in railway manufacturing.

"This order is a testament to our strong capabilities and expertise in providing cutting-edge solutions for the Indian railway network," said Rajendra Kumar, MD of Jupiter Wagons. "We are proud to contribute to the country's growing infrastructure needs and partner with Vande Bharat Wheelset to enhance the safety and efficiency of India's vast rail network."

The news has resonated amidst India's aim to boost its transport infrastructure and promote local manufacturers in the railway sector. With Jupiter Wagon's surge, shareholders, and investors are eager to see similar aggressive growth targets pursued by the company moving forward.

Go!