Jupiter Wagons jumps by over 3% after firm wins Rs 100 crore order

Jupiter Wagons Share Price: Jupiter Wagons was off to a flying start on BSE on Monday (January 8, 2024) after the freight car manufacturer firm won a Rs 100 crore order from a leading automobile manufacturer.

The stock of the wagon manufacturing company was trading higher by 3.82 per cent, or Rs 13.10, at Rs 355.70 at 10:38 am on Monday. 

What is Jupiter Wagons' order?

The company has got the order worth Rs 100 crore from one of the leading automobile manufacturers for the manufacturing and supply of 4 rakes of double decker automobile carrier wagons. 

"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," Jupiter Wagons said in a statement on Friday. 

"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," said the statement.