Jupiter Wagons on right track

Jupiter Wagons is in the limelight today with markets reacting to its new order news. The company, manufactures railway freight wagons, passenger coaches, wagon components, cast manganese steel crossings and castings and is headquartered in Kolkata, West Bengal. The company manufactures coaches for the Indian Railways and many other private companies.

Without naming the company, the company said on Friday that it has received a significant contract from one of the leading automobile manufacturers for the manufacturing and supply of 4 rakes of Double Decker Automobile Carrier Wagons worth around Rs 100 crore.

These tallest Double Decker Automobile Carrier Wagons will be able to carry SUV editions on both bottom and top deck and come with a numbers of advanced technologies like articulated bogies and reduced idling time on account of sick wagon substitution. Such wagons are being introduced to the Indian Railways for the first time considering the maximum moving dimensions which not only suits the Dedicated Freight Corridor (DFC) but also will comply with a large section of the available national railway network.

There has been an order galore for the company over the past few weeks. Prior to this, on the 4th Dec, the company had won a Rs.473 crore order from the defence ministry for 697-boggie open military (BOM) wagons and in Dec, it has got a Rs.1617 crore order from the Ministry of Railways (Railway Board) for manufacture and supply 4,000 BOXNS wagons.

The stock today opened 3% higher at Rs.353 and rose further to Rs.359, up over 4.5%. Its 52-week high stands at Rs.412.50