Jupiter Wagons Limited, a provider of mobility solutions across rail, road, and marine sectors, is advancing its manufacturing capabilities with new facilities and contracts across rail and electric vehicle segments. The company is setting up a railwheel and axle forging plant in Khurda, Odisha, on 40.8 acres of land, with an annual production capacity of 100,000 forged wheelsets. The facility is backed by a total investment of INR 25 billion. The plant is also expected to cater to export demand, including clients in Europe, especially Slovakia-based Tatravagonka A.S.
As of March 2025, Jupiter Wagons’ order book stood at INR 63.04 billion. Major contracts during the fourth quarter included a INR 6 billion order from Ambuja Cement and ACC Limited for BCFCM rake wagons and a INR 2.55 billion order from Braithwaite & Co for railway wheelsets. The company also secured orders worth INR 1.5 billion for passenger brake systems and INR 650 million for brake discs.
In its electric mobility business, the company launched a 1-ton payload electric light commercial vehicle (e-LCV), JEM Tez in Indore, Madhya Pradesh. Battery production has also started at its Bangalore facility, following the acquisition of Log9’s electric truck and railway battery assets. The company is using lithium iron phosphate (LFP) battery technology and has begun supplying batteries to Indian Railways and private clients. A phased rollout of e-LCVs is planned in cities including Delhi, Mumbai, and Bengaluru.
Jupiter Wagons operates manufacturing facilities in Kolkata, Jamshedpur, Indore, Jabalpur, Aurangabad, Pune, and Bangalore. The company’s product lines include freight wagons, brake systems, axles, wheels, containers, commercial vehicle bodies, and electric mobility solutions. In FY25, the company produced 8,718 railway wagons, 11,993 wheelsets, 1,012 containers, and 16,290 brake discs. It also manufactured 5,504 axles and 7,680 axle boxes for export.
The company has multiple joint ventures with global manufacturers: Tatravagonka (Slovakia) for wagons, DAKO-CZ (Czech Republic) for braking systems, Kovis d.o.o. (Slovenia) for brake discs and axles, and Talleres Alegria (Spain) for CMS crossings.
Jupiter Wagons reported a consolidated total income of INR 40.08 billion for FY25, up 9.3% year-on-year. Consolidated profit after tax stood at INR 3.8 billion, a 14.9% increase from the previous year. EBITDA rose to INR 5.78 billion, with a margin of 14.6%.
“As we enter FY26, backed by a robust order book and growing traction across all business lines, we are confident in our ability to lead India’s next phase of growth in rail and mobility solutions. Supported by continued government focus on infrastructure and our strategic direction, Jupiter Wagons is poised to create enduring value for stakeholders,” said Vivek Lohia, Managing Director, Jupiter Wagons.
Jupiter Wagons Limited provides mobility solutions across rail, road, and marine sectors. Its product range includes freight wagons, locomotives, brake systems, marine containers, couplers, axles, wheelsets, and electric commercial vehicles. The company serves sectors including railways, metro, automotive, logistics, and infrastructure through manufacturing hubs with backward-integrated foundry operations.