Jupiter Gets Contract for 4000 Wagons of Rs16 Bn

The Comprehensive Mobility Solutions Provider Secures Landmark Contract with the Government of India, the Ministry of Railways (Railway Board)

Vivek Lohia, Managing Director, Jupiter Wagons

FinTech BizNews Service   

Mumbai, December 15, 2023: Jupiter Wagons, a provider of comprehensive mobility solutions encompassing rail, road and marine transportation www.jupiterwagons.com

has announced the receipt of a significant contract for the manufacturing and supply of 4000 BOXNS wagons from the Ministry of Railways.

The esteemed contract, valued at a staggering Rs. 1,617 Crores, underscores Jupiter Wagons' commitment to delivering top-notch railway solutions to meet the evolving needs of the Indian Railways. The order specifically entails the production of 4000 BOXNS wagons, classified as BG Bogie Open Wagon type. These wagons boast axle load capacity of 25 tons, ensuring robust performance under varying freight conditions. The wagons exhibit a maximum speed of 86 kmph when empty and 45 kmph when loaded, ensuring efficiency and safety in transit.

Mr. Vivek Lohia, Managing Director, Jupiter Wagons, expressed his enthusiasm about the significant milestone, stating, "We are honored to be entrusted with this substantial contract by the Ministry of Railways. This achievement not only highlights our manufacturing prowess but also reinforces our commitment to contributing to the nation's railway infrastructure development. We are ready to leverage our expertise and resources to deliver these wagons, ensuring they meet the highest standards of quality and performance."

Jupiter Wagons remains dedicated to supporting the nation's railway modernization efforts and looks forward to playing a crucial role in the realization of the government's visionary goals.

Jupiter Wagons' successful bid aligns seamlessly with the Government of India's ambitious plan to bolster the share of Indian Railways' freight traffic. This strategic initiative is a pivotal step toward achieving the government's overarching goal of procuring a substantial number of wagons. The recent tenders awarded are integral components of Indian Railways' long-term strategy to elevate the share of freight traffic carried by rail from the existing 27 percent to an impressive 45 percent by the year 2030.

About Jupiter Wagons Ltd. (JWL)

Jupiter Wagons Limited (JWL) is a provider of comprehensive mobility solutions, with diverse offerings across Freight Wagons, Locomotives, Passenger Coaches (LHB), Braking Systems, Metro Coach, Commercial Vehicles, ISO Marine Containers, and products such as Couplers, Draft Gears, Bogies and CMS Crossings. JWL has manufacturing facilities located in Kolkata, Jamshedpur, Indore and Jabalpur with full backward integration to its foundry operations. The Group has established partnerships with leading global companies such as Tatravagonka (Slovakia), DAKO-CZ (Czech Republic), Kovis Proizvodna (Slovenia), Telleres Alegria S.A (Spain). With a rich legacy over four decades, the Company has leveraged its deep technological capabilities and robust financial position to emerge as a one-stop shop for mobility solutions and reinforce its position as one of the fastest growing within the industry. Catering to industries such as Railways (Freight + Passenger), Metro Rail, Automobile, Transportation, Logistics, Construction Equipment, Municipalities, Healthcare, Energy, Mining and Infrastructure, the Company boasts a marquee client base including the Indian Railways, American Railroads, Indian Ministry of Defense, Tata Motors, GE, Volvo Eicher Motors, Bharat Benz, and Avia Motors.

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