
Shares of Jupiter Wagons rose 1.4 % within the early commerce on January 8 after the corporate obtained an order price Rs 100 crore from an vehicle producer.
At 9:35am, Jupiter Wagons was quoting at Rs 347.35, up Rs 4.75, or 1.39 %, on the BSE.
“We’ve got obtained a major contract from one of many main vehicle producers for the manufacturing and provide of 4 rakes of double-decker vehicle provider wagons price round Rs 100 crore,” the corporate stated in a press launch.
These tallest double-decker vehicle provider wagons will be capable of carry SUV editions on each backside and prime deck and include a bunch of superior applied sciences like articulated bogies and lowered idling time on account of sick wagon substitution, the corporate stated.
Such wagons are being launched to the Indian Railways for the primary time contemplating the utmost transferring dimensions which not solely fits the devoted freight hall (DFC) however will even adjust to a big part of the obtainable nationwide railway community, it added.
“This achievement not solely highlights our manufacturing prowess but additionally reinforces our dedication to contributing to the nation’s railway infrastructure improvement. We’re able to leverage our experience and sources to ship these wagons, guaranteeing they meet the very best requirements of high quality and efficiency,” stated Vivek Lohia, managing director of Jupiter Wagons.
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On January 4, the corporate received a Rs 473-crore a contract from the defence ministry for 697-boggie open army (BOM) wagons.
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In December, the Ministry of Railways (Railway Board) awarded an order to fabricate and provide 4,000 BOXNS wagons for a contract worth of Rs 1,617 crore.
The share touched a 52-week excessive of Rs 412.50 and a 52-week low of Rs 85.37 on 06 September 2023 and 28 March 2023, respectively. Presently, the inventory is buying and selling 15.79 % beneath its 52-week excessive and 306.88 % above its 52-week low.