JWL and PESA to explore passenger train manufacturing in India
JWL · price
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Jupiter Wagons signed a memorandum of understanding with Poland's PESA Bydgoszcz to explore developing and manufacturing passenger rail vehicles for metro, semi high-speed and high-speed services in India and other markets. The framework also covers component localisation. No orders, revenue or financial terms were disclosed.
May open a new passenger rail growth market and strengthen JWL's mobility offering, but no near-term earnings impact is specified.