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)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..