- Business
- Jupiter Wagons Limited manufactures railway freight wagons, passenger coach components, alloy steel castings, couplers, draft gears, railway turnouts, high-speed bogies, braking systems, and load bodies for commercial vehicles; it also produces ISO marine containers, refrigerated containers, truck-mounted containers, commercial electric vehicles through its subsidiary Jupiter Electric Mobility Pvt. Ltd., and battery energy storage systems. The company, founded in 1979 and headquartered in Kolkata, India, serves Indian Railways, private wagon aggregators, commercial vehicle OEMs, defense and logistics firms, with exports to North American railroads and expansion into Southeast Asia and Africa. It operates integrated facilities including alloy steel foundries and wagon fabrication plants connected to railway sidings, positioning it as a leading multimodal mobility solutions provider in the railway engineering and transportation sectors. In recent developments, Jupiter Wagons completed the acquisition of 94.25% stake in Bonatrans India Private Limited for INR 2.7 billion in March 2024 to bolster railway component capabilities; increased its stake in Jupiter Electric Mobility to 75% in December 2024 via preferential share issuance; secured major orders including INR 242 crore from GATX for 583 wagons, INR 113 crore from the Ministry of Railways for 9,000 LHB axles, and INR 215 crore LoI for 5,376 wheelsets for Vande Bharat; launched the JEM TEZ electric light commercial vehicle and plans two additional EV models in FY26 alongside dealership expansions and battery storage production; and advances a INR 2,500 crore wheel and axle facility in Odisha targeting 100,000 forged wheelsets annually by 2027. The company, formerly Commercial Engineers & Body Builders Co Limited, underwent a reverse merger and name change in May 2022, with joint ventures including JWL CAF, JWL DAKO-CZ India, JWL Talegria India, and JWL Kovis India for braking systems, crossings, and brake discs.