Shares in Jupiter Wagon, a provider of mobility solutions including rail, road and sea transport, rose on Monday morning after the company announced it had received a significant contract from one of the major car manufacturers to manufacture and supply four rakes. will attract attention. Number of double-decker car carriers worth around Rs 100 crore.
In a filing to the BSE, Jupiter Wagons says these tallest double-decker car carrier wagons can carry SUV versions on both the lower and upper berths, and are capable of idling with an articulated dolly or chic wagon alternative. He said it will be equipped with many advanced technologies such as time saving. . Such wagons will be introduced for the first time on Indian Railways given their maximum travel dimensions, which will not only suit the Dedicated Freight Corridor (DFC) but also fit most of the available national railway network.” .
According to Arihant Capital Markets, Jupiter Wagons’ second quarter order backlog was Rs 6,755 crore, which is approximately 2.25 times its sales over the past 12 months, indicating business visibility. said. “The company currently produces around 700 wagons per month and is focusing on 800/1000 wagons per month by the end of FY24E/25E respectively. “Capital investment will reduce costs and increase profits in the future. We have a positive outlook for the stock price.”
Commenting on the order, Vivek Lohia, Managing Director, Jupiter Wagon, said, “This achievement not only highlights our manufacturing capabilities but also strengthens our commitment to contributing to the country’s rail infrastructure development. We stand ready to leverage our expertise and resources to deliver these wagons.” Guaranteed to meet the highest quality and performance standards. ”
Last week, the company received an order from the Ministry of Defense to manufacture and supply 697 Bogie Open Military (BOM) wagons. The value of the contract amounted to Rs 473 million. The Bogie Open Military (BOM) wagon serves as a specialized wagon essential to the mobilization of Army troops. According to Jupiter Wagons, these wagons play a vital role in transporting various military assets to operational areas. The company said in its BSE application that this important vehicle will not only ensure rapid and simultaneous induction of troops and equipment, but also facilitate movement for military exercises and station transfers.
“This landmark agreement is an important step toward strengthening indigenous production and increasing private sector participation in defense manufacturing,” Jupiter Wagons said in a statement.
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