Jupiter Wagons wins contracts worth over ₹324 crore
Key Highlights
Jupiter Wagons has secured new orders worth over ₹324 crore from GATX India and Chetak International for its ACT2 wagon platform.
Jupiter Wagons secured new business contracts worth over ₹324 crore from GATX India and Chetak International. The company will manufacture and supply its new-design ACT2 wagon platform to these private operators. These agreements follow the company’s recent order from the Ministry of Railways for 2,583 wagons valued at ₹1,140 crore.
The company received a Letter of Intent from GATX India for the production of 10 rakes, which totals 270 ACT2 wagons. This specific agreement holds a value of ₹214.94 crore. Additionally, Chetak International placed an order for 5 rakes consisting of 135 ACT2 wagons, valued at ₹109.10 crore. These figures include GST.
Jupiter Wagons stated that these contracts demonstrate the increasing demand for its ACT2 platform among logistics firms and private wagon-leasing companies. The company maintains a diversified order book that balances government requirements with private sector demand. Beyond its rail operations, the business manufactures vehicle bodies for commercial vehicle original equipment manufacturers.
Based on company and agency reports. For information only; not investment advice.