Railway stock to watch after it receives order worth ₹600 Cr from Ambuja Cements and ACCRailway stock to watch after it receives order worth ₹600 Cr from Ambuja Cements and ACC

Introduction:

A leading railway stock has secured a ₹600 crore order from Adani Cement group’s Ambuja Cements and ACC. This deal for BCFCM Rakes Wagon with BVCM Wagon strengthens its manufacturing and supply position, enhancing growth prospects in the railway sector.

Share Price movement of Jupiter Wagons:

On February 12, 2025, Jupiter Wagons Limited opened at ₹322.05, reaching a high of ₹335.85 and a low of ₹301.05, up 4.01% from its previous close of ₹317.95. Currently, it is trading at ₹330.70, with a market cap of ₹14,038.15 crore.

Jupiter Wagons receives order worth ₹600 Cr:

Jupiter Wagons Limited has received a Letter of Acceptance (LOA) from Ambuja Cements Limited and ACC Limited, part of the Adani Cement group. The LOA, dated February 10, 2025, is for the manufacture and supply of BCFCM Rakes Wagon with BVCM Wagon.

The order has an approximate value of ₹600 crore and marks a significant development for the company. This strategic collaboration with Ambuja Cements and ACC will contribute to the growth of Jupiter Wagons Limited in the manufacturing and supply sector.

This announcement complies with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary information as required under the regulations.

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Recent news About Jupiter Wagons :

On February 7, 2025  India’s Jupiter Wagons and Poland’s PFR are preparing separate bids to acquire Spanish train maker Talgo, according to El Confidencial. The report cites unidentified sources indicating both companies’ interest in expanding their global railway manufacturing presence.

Stock performance of Jupiter Wagons for Period of 1 week, 6 months and 1 year:

Jupiter Wagons’ stock has experienced a sharp decline over various periods. In the past week, it dropped by 10.9%. Over the last six months, it has plunged by 42.1%. Over the past year, the stock has fallen by 8.21%, reflecting significant volatility.

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Shareholding pattern of Jupiter Wagons:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	68.11	68.11	70.12
FII	3.44	3.45	4.14
DII	1.73	2	0.92
Retail & others	26.7	26.43	24.82

About Jupiter Wagons:

Jupiter Wagons is a leading manufacturer of railway wagons, components, and braking systems in India. The company specializes in high-quality freight and passenger rolling stock, serving major industries and railway networks, ensuring innovation, efficiency, and reliability in rail transportation solutions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.