Jupiter Wagons stock up 2% after Rs 957-crore order win

The shares of Jupiter Wagons Limited, on March 12, rose 2.5 percent to Rs 372 during morning trade. This increase followed the announcement that the Railway Ministry had placed an order for the manufacturing and supply of 2,237 BOSM wagons. These wagons are designed to efficiently transport bulk goods, such as coal and ore, within the Indian railway network. This initiative is expected to contribute to smoother trade and foster economic growth in the region.

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“We eagerly anticipate playing a pivotal role in the realization of the government’s visionary goals, leveraging our expertise and resources to contribute meaningfully to the advancement of India’s railway
infrastructure,” the management said in a regulatory filing.

In January, the company said it bagged an order from one of the leading automobile manufacturers for the manufacturing and supply of four rakes of double-decker automobile carrier wagons worth around Rs 100 crore.

The newly designed double-decker automobile carrier wagons boast the capability to transport SUV editions on both the bottom and top decks. Equipped with advanced technologies such as articulated bogies, these wagons are set to offer enhanced efficiency and functionality in the transportation of automobiles.

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