Jupiter Wagons gets order from Railways

Jupiter Wagons Limited (JWL) has received a Rs 1,140 crore order from the Indian Railways to manufacture and supply 2,583 wagons. A company statement said building on the present award, JWL expects incremental order inflows of approximately Rs 2,000 crore in the fourth quarter of the current fiscal.According to Vivek Lohia, Managing Director, Jupiter Wagons Limited, the company has integrated backward across the wagon value chain, from castings and bogies to couplers and brake systems. “We are now extending this to wheelsets through our facility in Odisha. That gives us greater control over cost, quality and delivery timelines. Our private sector order book remains strong, and we expect to add around Rs 2,000 crore of incremental orders next quarter, giving us healthy visibility,” he said.JWL said the sector’s near-term demand outlook is further strengthened by the Ministry of Railways’ recently released tender for the procurement of 5,800 BOBRN wagons.