Jupiter Wagons’ Subsidiary Secures ₹255 Crore Wheelset Contract

Jupiter Wagons Limited (JWL) informed the exchanges that Jupiter Tatravagonka Railwheel Factory Pvt. Ltd, the specialised wheelset manufacturing division of the company, has secured a prestigious ₹255 crore contract from Braithwait & Co. The contract involves supplying 9,140 wheelsets of 840 mm diameter for 25-ton axle load applications.

Strengthening Leadership in Railway Infrastructure

This order reinforces Jupiter’s position as a leading domestic manufacturer of high-performance railway wheelsets. With this latest contract, the company’s total order book now stands at ₹560 crore, reflecting its growing influence in India’s railway infrastructure sector.

Strategic Growth and Expansion Plans

As part of its long-term strategy, Jupiter aims to achieve ₹600 crore in revenue from its wheel business in FY26, nearly doubling its current contribution. This growth will be driven by enhanced production capacity, steady order inflows, and strengthened domestic manufacturing capabilities.

To support this vision, Jupiter is significantly expanding its manufacturing facilities. The company is setting up a state-of-the-art production facility in Odisha, which will increase its annual capacity from 20,000 forged wheels and axles to 1,00,000 forged wheelsets. This ambitious expansion is backed by a ₹2,500 crore investment, aligning with India’s goal of bolstering domestic manufacturing and reducing dependence on imports.

The Odisha facility is progressing on schedule, with the Commercial Operation Date (COD) for axle production expected by December 2026. The complete wheel and axle production unit is slated for completion by December 2027.

Diversification into Electric Mobility

Beyond railway manufacturing, Jupiter Electric Mobility Pvt. Ltd (JEM), JWL’s commercial EV arm, is preparing for the commercial launch of the JEM TEZ on March 3, 2025, in Indore. This marks a key step in Jupiter’s strategy to expand into sustainable mobility solutions.

Management Commentary

Commenting on the development, the Managing Director of Jupiter Wagons Limited, Mr Vivek Lohia, said, “This order from Braithwait & Co. underscores the trust in Jupiter Tatravagonka Railwheel Factory’s manufacturing excellence and our ability to meet the evolving demands of India’s railway sector. With the rapid expansion of freight and passenger rail networks, there is a critical need for reliable, high-performance wheelsets produced domestically at scale.”

He further added, “Our Odisha facility will be a game-changer in this space, ensuring India’s self-sufficiency in wheelset manufacturing while also positioning us as a global supplier. This milestone aligns with our commitment to strengthening the railway supply chain, reducing import dependency, and driving innovation in railway mobility solutions.”

Conclusion

Jupiter remains dedicated to innovation, strengthening India’s railway infrastructure, and driving the nation’s transportation growth through continued investments in advanced manufacturing and mobility solutions.

On February 27, 2025, JWL share price opened at ₹311.60, up from its previous close of ₹307.80. At 9:46 AM, the share price of JWL was trading at ₹301.80, down by 1.95% on the NSE.

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