Jupiter Wagons Secures Orders Worth Rs 324 Crore From GATX India, Chetak International

Jupiter Wagons Limited (JWL) has secured orders worth over Rs 324 crore from GATX India Private Limited and Chetak International Private Limited for the manufacture and supply of ACT2 automobile carrier wagons. The combined business comprises 15 rakes of wagons, with the two orders catering to private sector customers.

The company has received a Letter of Intent (LoI) from GATX India for 10 rakes of ACT2 wagons, comprising 270 wagons. The LoI is valued at Rs 214.94 crore, including applicable taxes.

Separately, Chetak International has placed an order for five rakes, comprising 135 ACT2 wagons, valued at Rs 109.10 crore.

The combined order value exceeds Rs 324 crore, including GST.

Jupiter Wagons' ACT2 Orders And Indian Railways Business

The latest orders add to Jupiter Wagons' business from private wagon-leasing and logistics operators. They come alongside a Rs 1,140 crore order from the Ministry of Railways for the manufacture and supply of 2,583 wagons.

The company is targeting demand from both Indian Railways and private sector customers through its wagon portfolio. The latest contracts involve its ACT2 platform, designed for automobile transportation.

Commenting on the orders, Vivek Lohia, Managing Director, Jupiter Wagons, said that demand for the company's ACT2 platform was coming from private wagon-leasing and logistics operators, alongside requirements under Indian Railways' procurement programme.

He added that the company would focus on executing its orders and scaling manufacturing capacity to meet demand for rolling stock.

Jupiter Wagons operates 14 manufacturing facilities across India, with operations spanning freight wagons, locomotives, commercial vehicle load bodies, ISO marine containers and railway components.