Jupiter Wagons Limited has informed the Exchange about Receipt of Letter of Intent (LOI) for supply of Wheelsets for Vande Bharat Train
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Jupiter Wagons Limited's material unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, has received a Letter of Intent dated 19th August 2025 for supplying 5,376 wheelsets for the Vande Bharat Train. The total order value is approximately Rs. 215 crores. The wheelsets are for India's flagship semi-high-speed train project run by Indian Railways. The company has informed the stock exchanges about this development as required under SEBI listing regulations.
This is a sizeable new order from a prestigious Indian Railways project, which should positively contribute to the subsidiary's order book and revenue over the coming quarters. Shareholders may view this as a vote of confidence in the company's rail-wheel manufacturing capabilities.