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The company will raise funds through public and/or private offerings of equity shares and/or any other convertible securities, in one or more tranches and/or one or more issuances simultaneously, subject to necessary approvals including the approval of the members of the company and such other regulatory/ statutory approvals as may be required.
Jupiter Wagons is a leading provider of complete mobility solutions with a diverse product portfolio. Its products include wagons, couplers, draft gears, bogies, crossings, and accessories for various types of coaches and vehicles. The company has recently entered the electric mobility market with Jupiter Electric Mobility (JEM), focusing on small and medium commercial electric vehicles. Jupiter Wagons serves clients in sectors such as railways, defense, leasing companies, construction, healthcare, energy, mining, infrastructure, logistics, and shipping.
On a consolidated basis, net profit of Jupiter Wagons surged 386.53% to Rs 62.86 crore on 154.97% increase in net sales to Rs 753.19 crore in Q1 June 2023 over Q1 June 2022.
The scrip rose 0.21% to Rs 379.95 on the BSE. The counter also hit an all time high at Rs 398.10 in intraday today.
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