Jupiter Wagons Limited has announced securing new orders aggregating to ₹324 crore (inclusive of taxes). These orders include a Letter of Intent (LOI) from GATX India Private Limited for the manufacture and supply of 10 rakes of ACT2 Wagons, valued at ₹215 crore, and an order from Chetak International Private Limited for 5 rakes of ACT2 Wagons, valued at ₹109 crore. This development significantly strengthens the company’s order book and reinforces its standing in the railway rolling stock manufacturing sector.
Jupiter Wagons Secures Significant New Orders
Jupiter Wagons Limited has announced a substantial boost to its order book, having secured new orders collectively valued at over ₹324 crore, inclusive of taxes. This announcement marks a positive development for the railway rolling stock manufacturer, underscoring its growing market presence and order pipeline.
Details of the New Orders
The company has received a Letter of Intent (LOI) from GATX India Private Limited for the manufacture and supply of 10 rakes of ACT2 Wagons. This order alone amounts to an aggregate value of ₹215 crore (inclusive of taxes).
Furthermore, Jupiter Wagons has secured an additional order from Chetak International Private Limited for the manufacture and supply of 5 rakes of ACT2 Wagons. This order is valued at ₹109 crore (inclusive of taxes).
Strengthening Market Position
The combined value of these new orders, totalling ₹324 crore, is expected to significantly strengthen Jupiter Wagons’ order book. This achievement not only enhances the company’s financial outlook but also reinforces its competitive position within the robust railway rolling stock manufacturing industry.
Source: BSE
