Shares of Jupiter Wagons Ltd gained as much as 1.5% on 27 February after the company’s subsidiary, Jupiter Tatravagonka Railwheel Factory Pvt. Ltd announced securing a Rs 255 crore supply contract for 9,140 high-performance wheelsets from Braithwaite & Co.

With an 840 mm diameter and a 25-ton axle load capacity, these wheelsets would be crucial to enhancing India’s freight rail network. With the most recent order, Jupiter Wagons’ total order book has now exceeded Rs 560 crore, the business reported to the stock exchanges.

Furthermore, the Jupiter Tatravagonka Railwheel Factory is significantly increasing the scope of its production. The company is investing Rs 2,500 crore to build a facility in Odisha in order to boost domestic wheelset production. The company’s annual capacity will increase from 20,000 forged wheels and axles to an incredible 1,00,000 wheelsets as a result of this expansion.

The Odisha factory is anticipated to start producing axles by December 2026, while full-scale wheel and axle production is anticipated to start by December 2027, according to the organization.

Jupiter Wagons wants to nearly triple its existing contribution from its wheel business by generating Rs 600 crore in revenue in FY26. The company states that an emphasis on high-quality domestic manufacturing, robust order inflows, and expanding production capacity will be the main drivers of this expansion.

Vivek Lohia, Managing Director, Jupiter Wagons Ltd, said, “With the rapid expansion of freight and passenger rail networks, there is a critical need for reliable, high-performance wheelsets produced domestically at scale. Our Odisha facility will be a game-changer, ensuring India’s self-sufficiency in wheelset manufacturing while also positioning us as a global supplier.”

At 1:14 pm, the shares of Jupiter Wagons were trading 3.05% lower at Rs 298.40 on NSE.

Stay Ahead with Jupiter Wagons Ltd. Ask the Analyst.

Ready to invest like a pro? Unicorn Signals app equips you with 100+ Free tools and knowledge you need to succeed. Download the Unicorn Signals app and gain access to daily stock lists and insightful market analysis and much more!