On September 18, 2024, Jupiter Wagons Limited (JWL) revealed a ₹2,500 crore plan to build a new facility in Odisha for producing advanced forged wheelsets.
This new plant will boost the production capacity of JWL’s subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited (JTRFPL), from 20,000 forged wheelsets a year to 100,000 forged wheelsets annually. The facility is set to be up and running by 2027. JWL also announced that it has renamed its unit Bonatrans India Private to Jupiter Tatravagonka Railwheel Factory.
“This latest investment underscores our vision of innovation and excellence as we now aim to deliver world-class products to global markets,” Vivek Lohia, managing director of Jupiter Wagons, said.
The company said that the new plant will supply both domestic and international markets. About 50% of its production will be for exports, mainly to its partner Tatravagonka A.S., a Slovakian rail infrastructure firm, and other European companies.
This decision supports the “Make in India” initiative by enhancing India’s manufacturing capabilities and improving the company’s position in the global supply chain. Additionally, the railway infrastructure company hopes the project will enhance its business model and improve its profit margins.
Commenting on this development, Mr Vivek Lohia, Managing Director of Jupiter Wagons, said, “We are excited to announce the transformation of our subsidiary, now named Jupiter Tatravagonka Railwheel Factory Private Limited. The investment in a new facility housing state-of-the-art manufacturing technology positions us for greater growth and efficiency.”
He further added, “Jupiter Wagons continues to take bold steps toward a more sustainable, efficient, and globally competitive future for the rail infrastructure manufacturing industry in India. This latest investment underscores our vision of innovation and excellence as we now aim to deliver world-class products to global markets.”
The company mainly focuses on manufacturing metal parts for various applications, including load bodies for commercial vehicles, rail freight wagons, and other components. Their product range includes shipping containers, skip-loaders, garbage-bin collectors, troop carrier vehicle bodies, prison van bodies, and water bowser bodies. These products serve a wide range of industries, such as mining, road construction, goods transportation, solid waste management, municipal services, and defence.
On September 18, 2024, the share price of Jupiter Wagons Limited opened at ₹534.00, touching the day’s high at ₹546.80, as of 10:34 AM on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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