Jupiter Wagon Shares Down Over 2%: Subsidiary Jupiter Tatravagonka Acquired Land

On April 4, 2025, Jupiter Wagon shares fell over 2%, reaching a day low of ₹361.55 at 1:20 PM, after opening at ₹379.90. The fall in Jupiter Wagon share price came despite the company’s arm Jupiter Tatravagonka Railwheel Factory Private Ltd (JTRF), has acquired land in Haldiapada, Khordha, Odisha, for the establishment of India’s first private-sector Railwheel and axle forging plant.

Investment of ₹2,500 Crore for Expansion 

This marks a significant milestone in the company’s expansion and enhances Odisha’s position as a hub for advanced industrial manufacturing. The facility will be the first privately owned railway heavy engineering industry in the state.

Jupiter Tatravagonka plans to invest ₹2,500 crore in stages over the coming years to develop this state-of-the-art facility. The plant is projected to produce 100,000 forged wheelsets annually, serving both domestic and international markets, with nearly half of the production earmarked for exports—mainly to Tatravagonka A.S., a leading Slovakian rail infrastructure company, and other European firms.

Plans to Commence Operation by 2027

Set to begin operations by 2027, the Odisha plant will play a key role in strengthening India’s railway manufacturing capabilities while contributing to the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives. It is expected to generate thousands of direct and indirect jobs, boosting economic growth in the region.

The plant will feature cutting-edge technology to support higher-speed and high-load railway operations. By manufacturing essential railway components domestically, Jupiter Tatravagonka will reduce India’s reliance on imports and expand its global trade presence, particularly through exports to Europe.

On this occasion, Mr. Vivek Lohia, Managing Director, Jupiter Group stated ” The acquisition of land in Odisha marks a significant milestone in our commitment to strengthening India’s self-reliance in rail manufacturing. This facility is a testament to the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives, ensuring that India not only meets its domestic railway needs but also emerges as a leading exporter of high-quality railwheel and axle components. With the strong support of the Government of Odisha, we are confident that this project will drive industrial growth, generate employment, and cement India’s position as a global hub for rail infrastructure.”

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