India's equity benchmarks rose on Thursday, as of 12:07 pm IST on August 21, 2025, the Nifty 50 was at 25,119.20, up 68.65 points or 0.27%, while the BSE Sensex stood at 82,131.63, up 273.79 points 0.33%.
Meanwhile, on August 20, Jupiter Wagons Limited (JWL) announced that it has received a Letter of Intent for Vande Bharat train wheelsets, adding more to the order book of JWL. Details of the order are given below
Vande Bharat Train Wheelset Order Secured Jupiter Wagons Limited (JWL) has announced that its material unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, has received a Letter of Intent (LOI) dated August 19, 2025, for the supply of wheelsets for the Vande Bharat Train. This substantial order encompasses a total of 5,376 wheelsets (2688 Motor wheelsets and 2688 Trailer wheelsets) and is valued at approximately ₹215 crores.
JWL's position in the high-speed rail and passenger freight rail segments is further strengthened by the ₹215 crore deal. The company is establishing a top-notch production facility in Odisha as part of its long-term capacity growth strategy, which will raise capacity from the existing 20,000 forged wheels and axles yearly to 1,00,000 forged wheelsets annually. Supported by an investment of ₹2,500 crore, the development is anticipated to be finished by 2027, greatly lowering dependency on imports and strengthening India's domestic manufacturing sector.
In line with India's infrastructure development and the Viksit Bharat 2047 goal, JWL is expanding its portfolio through these efforts while concentrating on dependable, innovative solutions.
Beyond this new LOI, the company's financial position appears robust. As of June 30, 2025, Jupiter Wagons' order book stands at ₹5,972 Crore.
The share price of Jupiter Wagons surged more than 13% on Thursday, reaching an intraday high of ₹372.85. The stock price was up 10.70% at ₹365.15 per share as of 11:39 am IST. From its 52-week low of ₹270.05, the stock price has jumped by about 30%.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only