Jupiter Wagons Limited has announced securing new private sector orders valued at over ₹324 crore (inclusive of GST). The orders include a Letter of Intent from GATX India Private Limited for 10 rakes of ACT2 wagons worth ₹214.94 crore, and an order from Chetak International Private Limited for 5 rakes of ACT2 wagons worth ₹109.10 crore. These wins highlight the growing demand for the company’s new-design ACT2 wagon platform.
Jupiter Wagons Secures Significant Private Sector Orders
Jupiter Wagons Limited (JWL), a prominent rolling stock manufacturer, has announced the acquisition of substantial new business from the private sector, amounting to over ₹324 crore, including Goods and Services Tax (GST). These orders underscore the increasing traction of JWL’s new-design ACT2 wagon platform among private sector clients and contribute to a diversified order book.
Key Order Details
The first significant award is a Letter of Intent (LOI) from GATX India Private Limited, a leading rail-leasing company. This LOI is for the manufacture and supply of 10 rakes of ACT2 wagons, which comprise 270 individual wagons. The estimated value of this LOI stands at ₹214.94 crore.
Additionally, JWL has received a firm order from Chetak International Private Limited for the manufacture and supply of 5 rakes of ACT2 wagons, totaling 135 wagons. This order is valued at ₹109.10 crore.
Market Position and Outlook
These new contracts reinforce Jupiter Wagons’ growing momentum in the private wagon-leasing and logistics operator segment. They are also received alongside continued business from Indian Railways, demonstrating a balanced demand across both government and private sectors. The company’s Managing Director, Mr Vivek Lohia, expressed confidence in the ACT2 platform and JWL’s ability to meet large-scale demand, emphasizing the importance of a balanced order book for sustained growth.
Jupiter Wagons Limited is focused on scaling its manufacturing capacity and enhancing execution to meet the rising demand for rolling stock across India’s rail freight and logistics landscape.
Source: BSE
