Jupiter Wagons Limited — Updates, 27-02-2025: Press Release (Revised)

Jupiter Tatravagonka Railwheel Factory has secured a significant order worth ₹255 crore from Braithwaite & Co. for the supply of 9,140 wheelsets tailored for 25-ton axle load applications. This achievement reinforces Jupiter's status as a leading domestic producer in the railway wheelset market and contributes to India's vision of self-reliance in advanced mobility solutions. The company's order book now totals ₹560 crore, with aspirations to generate ₹600 crore in revenue from the wheel business by FY26 through enhanced production capabilities and order inflows.

To support this growth, Jupiter is expanding its manufacturing facility in Odisha, aiming to increase annual production capacity from 20,000 to 1,00,000 wheelsets. This project represents a ₹2,500 crore investment, with the axle production set to commence by December 2026. Additionally, Jupiter Electric Mobility is preparing for the commercial launch of its EV offering, JEM TEZ, on March 3, 2025, further diversifying its mobility solutions portfolio. Investors should note this expansion as a strong opportunity for future growth in the company's operational capacity and competitive positioning in the market.