Introduction:
Leading railway engineering firm has secured land in Odisha to establish India’s first private forged railwheel and axle manufacturing plant, with plans to invest ₹2,500 crore and produce 100,000 wheelsets annually.
Share price movement of Jupiter Wagons:
On April 4, 2025, Jupiter Wagons Ltd opened at ₹379.90, up 0.91% from its previous close of ₹376.45. The stock touched a high of ₹383.30 and a low of ₹361.55. By 10:18 AM, it traded at ₹363.80 with a market cap of ₹15,432.63 crore.
Jupiter Tatravagonka to Build Railwheel Plant:
Jupiter Tatravagonka Railwheel Factory Pvt. Ltd. (JTRF), a subsidiary of Jupiter Wagons Ltd, has secured land in Haldiapada, Khordha, Odisha, to set up India’s first private forged railwheel and axle manufacturing plant.
The company will invest ₹2,500 crore in phases to develop this state-of-the-art facility, which will produce 100,000 forged wheelsets annually. Around 50% of the output is planned for export, mainly to European clients.
The project is supported by the Odisha Government under the “Invest Odisha” program. The land, acquired from IDCO’s land bank, comes with MOEF clearances and a clear title, ensuring smooth implementation.
Recent news on Jupiter Wagons:
As of March 04, 2025, Jupiter Wagons Ltd’s EV arm, JEM, launched its flagship electric LCV ‘JEM TEZ’ with 190+ km range and 1.05-ton certified payload capacity.
Stock performance of Jupiter Wagons for Period of 1 week, 6 months, and 1 year:
Jupiter Wagons Ltd delivered a 1.95% return over the past week. It declined by 23.4% in the past six months. The stock dropped 3.09% over the past year.
Shareholding pattern of Jupiter Wagons:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 68.10% | 68.10% | 70.10% |
| FII | 3.40% | 3.50% | 4.10% |
| DII | 1.70% | 2.00% | 0.90% |
| Public | 26.70% | 26.40% | 24.80% |
About Jupiter Wagons:
Jupiter Wagons Ltd (NSE: JWL) is a leading mobility solutions provider offering freight wagons, locomotives, EVs, and components, with global partnerships and manufacturing across five major Indian cities.
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.
