Jupiter Wagons rose ~9% to a high of Rs 198.00 on Oct 29 after securing a massive Rs 1,140 crore order from Indian Railways.

The Kolkata-based wagon maker told exchanges that the Ministry of Railways has placed an order for 2,583 wagons.

The order is valued at Rs 1,140 crore, taxes included. The order covers BOXNHL and BOXNS wagons. Jupiter Wagons also gave a forward look.

It expects fresh orders worth around Rs 2,000 crore in the January to March quarter of FY27, and says its private-sector order book stays strong on demand from private freight operators, wagon leasing firms and core sector customers.

The company now makes more of the wagon itself. Castings, bogies, couplers and brake systems are covered, and wheelsets, the wheel and axle sets, are next at a facility in Odisha.

Managing Director Vivek Lohia said this gives it more control over cost, quality and delivery times.

The order also fits the government’s push to raise the railways’ share of freight movement under the National Rail Plan.

Jupiter Wagons makes freight wagons, locomotives, commercial vehicles and railway parts such as couplers, bogies and brakes.

Indian Railways, the Ministry of Defence and BEML are among its customers.

In August, the company also announced a tie-up with Italy’s Lucchini RS Holding to build what it calls India’s first fully integrated private-sector railwheel platform.

Lucchini RS will take 15% and Italian state-backed SIMEST 10% of Jupiter Tatravagonka Railwheel Factory, a combined 25% stake worth about 28 million euros.

The longer view is weaker. NSE data shows the shares have lost 13.07% in a month and 41.93% in a year, and they sit well below the 52-week high of Rs 358.25.

At 12:38 pm, the stock was trading at Rs 190.83 on the NSE after opening at Rs 186.24, up Rs 9.78 or 5.40% from the previous close of Rs 181.05.

It’s off the day’s high of Rs 198.00. Market value is about Rs 8,155 crore.

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