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BEML’s Q2 profit drops amid weakening demand

BEML’s material costs, which constitute over half of its expenses, rose slightly by 0.2%, while total expenses dropped 7% to Rs 8.2 billion.Read more

Jupiter Wagons shares surge 7% on acquisition of Log9's battery tech assets

The deal includes Log9’s engineering and production teams, as well as its manufacturing facility in Devanahalli, Bangalore.Read more

Indian Railways offers big opportunity for suppliers with Rs.2.65 trn capex

With Rs. 2.65 trillion capex in 2024-25, Indian railway sector presents a big opportunity for suppliers because of Vande Bharat, rising wagon demands (due to dedicated freight corridors), investments in high-speed trains & tracks, etc, says Rakesh Rao.Read more

Jupiter Wagons to invest Rs 25 billion for capacity expansion

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.Read more

PLI railway push for local manufacturing of components for Vande Bharat & LHB

The PLI scheme is for a three-year period, with projected incentives of Rs 10-15 billion.Read more

Railways to revise Rs 310 billion wagon procurement plan after MI contract fail

The wagons - which are used for transporting crucial commodities such coal and iron ore on the rail network - were to be supplied at Rs 3.19-3.63 million per unit depending on the specifications issued by the railways.Read more

Titagarh Rail Systems to develop driverless metro trains

A critical supplier to Indian Railways, it currently produces 1,000 wagons a month.Read more

Ministry of Railways orders 2,237 Wagons from Jupiter Wagons worth Rs 957 cr

The offer letter has been received from the Ministry of Railways, the wagon manufacturer said in an exchange filingRead more

Jupiter Wagons secures Rs 100 cr contract for innovative double decker automobile carrier wagons

These towering Double Decker Automobile Carrier Wagons boast the capability to transport SUV editions on both the lower and upper decks.Read more

Jupiter Wagons, BEML secure Rs 802 cr defence contracts

Additionally, BEML secured orders amounting to Rs 329 crore for 56 units of the mechanical minefield marking equipment Mark II, according to a statement released by the defence ministry.Read more

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