Jupiter Wagons wins Rs 9.57 billion contract for 2,237 BOSM wagons

26 Nov 2024 CW Team

Jupiter Wagons Limited (JWL) has secured a Rs 9.57 billion contract from the Ministry of Railways to supply 2,237 BOSM wagons, further cementing its position as a leader in India's logistics sector. The contract comes as part of the company's broader strategy to enhance rail infrastructure and drive growth through strategic partnerships and cutting-edge technology.

JWL is on track to increase its production capacity to 12,000 wagons annually by the first quarter of FY 2025, a key part of its growth plan.

The company is also scaling up its annual wheelset production to 100,000, demonstrating its focus on innovation and operational efficiency.

In the last quarter, JWL set a production record by manufacturing 2,520 wagons, underscoring its operational excellence and commitment to meeting industry demands.

This Rs 9.57 billion contract is a significant step in JWL’s journey of capacity expansion and production milestones. It highlights the company's crucial role in transforming India's logistics landscape, setting new benchmarks for innovation, production, and partnerships while contributing to the nation's rail connectivity and infrastructure growth.

(PSUconnect)

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