Jupiter Wagons has received Rs 215 crore order for Vande Bharat wheelsets. As per the order details, Jupiter Wagons will supply 5,375 wheelsets for these trains, and the order includes 2,688 motor wheelsets and 2,688 trailer wheelsets.
Jupiter Wagons said that the Rs 215 crore order for Vande Bharat trains further strengthens its presence in the rail components of passenger freight and high-speed rail space.
In an exchange filing, Jupiter Wagons stated that its subsidiary company, Jupiter Tatravagonka Railwheels Factory, received the letter of Intent for the order for wheelsets on August 19.
Vivek Lohia, Managing Director, Jupiter Wagons, said, “The LOI is a strong recognition of our capability in delivering world-class rail components. With this engagement, we reaffirm our commitment to support the country’s high-speed rail infrastructure and contribute towards a modern, self-reliant, and future-ready railway system.
Jupiter Wagons’ expansion plans
Jupiter Wagons is among the leading companies in the locomotive manufacturing space. The company manufactures from freight wagons, locomotives, bogies to wheelsets, braking systems and coach accessories. The company has manufacturing facilities located in Kolkata, Jamshedpur, Indore, Jabalpur, Aurangabad, and Bangalore.
In the wheelsets manufacturing space, Jupiter Wagons has a current capacity of manufacturing 20,000 wheels and axles per year. The company is investing Rs 2,500 crore to expand its production capacity, which will take its wheelsets production capacity to about 1 lakh per annum.
The company said that its expansion projects are expected to be completed by 2027.
Global partnerships
Jupiter Wagons said that it is also expanding its partnership with global companies in the locomotive manufacturing sector. The company has partnered with leading global companies like Tatravagonka of Slovakia, DAKO of the Czech Republic, Kovis of Slovenia, and Talleres Alegria of Spain.
The company said that it continues to expand its diversified portfolio, remaining steadfast in its mission to deliver
innovation-led, high-quality solutions.