Hot Pursuit     08-Jan-24
Jupiter Wagons jumps on Rs 100-cr order win
Jupiter Wagons rallied 3.85% to Rs 355.80 after the firm received contract from an automobile manufacturer for the manufacturing and supply of 4 rakes of double decker automobile carrier wagons worth around Rs 100 crore.
These tallest double decker automobile carrier wagons will be able to carry SUV editions on both bottom and top deck and come with a numbers of advanced technologies like articulated bogies and reduced idling time on account of sick wagon substitution.

Vivek Lohia, managing director of Jupiter Wagons said, “This achievement not only highlights our manufacturing prowess but also reinforces our commitment to contributing to the nation's railway infrastructure development.”

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.

On a consolidated basis, net profit of Jupiter Wagons soared 241.11% to Rs 82.07 crore while net sales climbed 111% to Rs 879.30 crore in Q2 September 2023 over Q2 September 2022.

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