Rs 5,972 Crore Order Book: Jupiter Wagons Secures 5,376 Vande Bharat Wheelset Order Worth Rs 215 crore

DSIJ Intelligence-2 / 21 Aug 2025/ Categories: Mindshare, Trending

The share price is currently 30 per cent above its 52-week low of Rs 270.05.

Jupiter Wagons Limited (JWL) has announced that its material unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, received a Letter of Intent (LOI) on August 19, 2025, for the supply of wheelsets for the Vande Bharat Train. The order comprises 5,376 wheelsets, including 2,688 motor wheelsets and 2,688 trailer wheelsets, valued at approximately Rs 215 crore.

As part of its long-term strategy, JWL is investing Rs 2,500 crore to set up a state-of-the-art production facility in Odisha. The plant is designed to expand capacity from 20,000 forged wheels and axles annually to nearly 1,00,000 forged wheelsets. The expansion is targeted for completion by 2027 and is expected to reduce import dependence while contributing to India’s domestic manufacturing ecosystem. This strategic growth initiative is aligned with India’s infrastructure push and the vision of Viksit Bharat 2047.

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Jupiter Wagons’ overall order book continues to reflect demand momentum. As of June 30, 2025, the company reported an order book worth Rs 5,972 crore. This provides revenue visibility for the coming years and highlights its presence in passenger, freight, and high-speed rail components.

Jupiter Wagons Limited (JWL) is a leading provider of comprehensive mobility solutions with over four decades of experience, offering a wide range of products including freight wagons, locomotives, commercial vehicles and various components like couplers and brake systems. The company boasts extensive manufacturing facilities across India with backwards integration and has forged strategic partnerships with global leaders such as Tatravagonka a.s. and DAKO-CZ. Leveraging its strong technological capabilities and financial stability, JWL serves a diverse clientele spanning industries like Railways, Automobile and Logistics and counts Indian Railways, American Railroads and Tata Motors among its marquee clients.

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On Thursday, JWL shares gained over 13 per cent to hit an intraday high of Rs 372.85. At 11:39 am IST, the stock was trading at Rs 365.15, up 10.70 per cent. The share price is currently 30 per cent above its 52-week low of Rs 270.05.

Disclaimer: The article is for informational purposes only and not investment advice.