Rs 6,320 Crore Order Book: Multibagger Railway Wagons Company Secures Land for India’s First Forged Railwheel & Axle Manufacturing Plant in Odisha
The stock gave multibagger returns of 290 per cent in 2 years and a whopping 4,500 per cent in 5 years.
Jupiter Tatravagonka Railwheel Factory Pvt Ltd (JTRF), which is a subsidiary of Jupiter Wagons Limited, has acquired a piece of land in Haldiapada, Khordha, Odisha where it plans to put up India’s first forged rail wheel and axle manufacturing plant. This project is a landmark one which is valued at INR 2,500 crore and will make Odisha a major industrial manufacturing hub with JTRF being the first private sector railway heavy engineering industry in the state. The plant is expected to produce 100,000 forged wheelsets per year, for both the local and foreign markets, with the majority of the production being for export to companies such as Tatravagonka A.S. in Europe.
The successful acquisition of the land was made possible by the cooperation of the Odisha government with the Chief Minister Shri Mohan Charan Majhi and the Minister of Industries and Skill & Technical Education, Shri Sampada Chandra Swain. The government’s industrial growth agenda, including the “Invest Odisha” program, has been vital in moving this project forward. The land has been taken from the IDCO land bank, and it has all the necessary statutory approvals and a freehold tenure, situated in a purpose-built industrial park near the airport. This project is being implemented through the “Invest Odisha” program which is managed by Invest India.
The plant is equipped with the latest technology and will manufacture components needed for high-speed and high-load railway operations. This will help in the reduction of the import burden of the country and will open up new markets for Indian goods. Odisha has become a preferred investment destination for industries due to its favorable policies such as the Industrial Policy Resolution (IPR) and international outreach programs. This project is in line with Odisha’s growing industrial sector and Jupiter Tatravagonka’s efforts in creating world class railway infrastructure in India.
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About the Company
Jupiter Wagons Limited (JWL) is a one-stop mobility solutions company that has a wide range of products including freight wagons, locomotives, commercial vehicles, marine containers as well as couplers, bogies and brake systems. JWL has manufacturing facilities located in various parts of the country and has the advantage of backward integration and partnerships with global companies like Tatravagonka and DAKO-CZ to improve on technology. The company has been in operation for more than 40 years and provides its services to various industries such as railways, automotive and infrastructure sectors, and has an impressive list of clients including the Indian Railways, American Railroads, Tata Motors and Alstom among others, and is thus growing into a rapidly expanding leader in the mobility industry.
Jupiter Wagons is a well-capitalized company with a market capitalization of over Rs 15,000 crore. Its future growth is well-positioned with an order book of Rs 6,320 crore as at December 31, 2024. The stock gave multibagger returns of 290 per cent in 2 years and a whopping 4,500 per cent in 5 years. The railway wagon company’s stock should be watched by investors.
Disclaimer: The article is for informational purposes only and not investment advice.