Jupiter Wagons Wins ₹242 Crore Wagon Order

Jupiter Wagons Ltd. on Monday, August 11, said it has bagged a ₹ 242.41 order from GATX India to manufacture and supply 583 specialised wagons.

This contract entails the manufacturing of a combination of BLSS,

ACT2, BOXNHL, along with BVCM wagons, purpose-built for the efficient transport of bulk commodities, passenger vehicles (SUVs) and containerised freight, the company said.

According to Jupiter Wagons, these wagons are engineered for high-capacity, long-distance operations:

BLSS (Container Carrier Wagon):Designed specifically for carrying ISO containers, the BLSS wagon offers a high axle load capacity with an improved payload-to-tare ratio. These wagons enable the efficient transport, making them ideal for intermodal logistics

and enhancing port-to-hinterland connectivity.

•ACT2 (Bi-level SUV Carrier): Engineered for the secure and efficient transport of finished automobiles, particularly SUVs, the ACT2 is a bi-level car carrier. It accommodates up to 10 SUVs per wagon. Its specialised design ensures minimal handling, better vehicle protection, and faster loading/unloading, aligning with the rising demand for SUVs across the country.

• BOXNHL (High-Capacity Open Wagon):Commonly used for transporting bulk commodities like

coal, iron ore, among others. BOXNHL wagons are open-top and designed for tippler unloading. With a payload capacity exceeding 70 tonnes, they offer improved speed potential and enhanced brake systems, making them suitable for heavy-haul freight corridors.

Jupiter Wagons reported its first quarter earnings last month. It reported a 46% increase in its June quarter net profit at ₹91.9 crore from the previous year. Its revenue increased 16.8% to ₹879.9 crore from ₹753.2 crore in the previous year. Its EBITDA increased 41.4% to ₹136.7 crore in the

June quarter from ₹96.9 crore in the last year. The company's margins expanded to 15.5% from 12.9% in the year-ago period.

Jupiter Wagons shares were trading 0.77% higher at ₹334.65 apiece around 10 am on Monday. The stock has declined 34% this year, so far.

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