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Jupiter Wagons to invest Rs 25 billion for capacity expansion
Industry News- Sep 18,24
The new plant will serve both domestic and international markets, with about 50% of its capacity dedicated to exports, primarily to its partner Tatravagonka A.S., a Slovakian rail infrastructure company, and other European clients.
Jupiter Wagons Limited (JWL) has announced a Rs 25 billion investment to expand its production capacity by establishing a new facility in Odisha. This new plant aims to increase the annual production capacity of Jupiter Tatravagonka Railwheel Factory Private Limited (JTRFPL) from 20,000 to 100,000 forged wheelsets and is expected to be fully operational by 2027. The company also revealed that it has renamed its unit Bonatrans India Private to Jupiter Tatravagonka Railwheel Factory.
Vivek Lohia, Managing Director, JWL stated that this investment aligns with the company's vision of delivering world-class products to global markets. According to the company, the new plant will serve both domestic and international markets, with about 50% of its capacity dedicated to exports, primarily to its partner Tatravagonka A.S., a Slovakian rail infrastructure company, and other European clients.
This expansion supports the ‘Make in India’ initiative, enhancing India's manufacturing capabilities and reinforcing JWL's role in the global supply chain. Jupiter Wagons expects this project to elevate its business model and strengthen its margin profile.
Earlier, the company reported revenue of Rs 8.872 billion and a profit of nearly Rs 920 billion for the first quarter of the financial year 2025. JWL’s market capitalisation stands at around Rs 226.68 billion.
(Business Standard)
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