Jupiter Wagons Secures Rs 600 Crore Contract with Adani Group

MUMBAI, India – Jupiter Wagons Limited announced on February 12, 2025, that it has been awarded a significant contract valued at approximately Rs 600 crore from Ambuja Cements and ACC Limited. This contract involves the manufacturing and supply of BCFCM Rakes Wagon with BVCM Wagon.

The formal Letter of Acceptance (LOA) was issued by Adani Cement, marking a critical step for Jupiter Wagons as it continues to expand its operational capabilities. The LOA, dated February 10, 2025, signifies the latest collaboration between Jupiter Wagons and the Adani Group.

In a regulatory filing, Jupiter Wagons expressed enthusiasm about the new venture. “We are pleased to inform that the Jupiter Wagons Limited has received the Letter of Acceptance from Adani Cement and ACC Limited, which are group companies of Adani Cement,” the company stated. “This order signifies our increasing role in the railway supply chain.”

Furthermore, Jupiter Wagons disclosed that its subsidiary, Jupiter Electric Mobility (JEM), has launched a new app named JEM Saathi. This platform aims to bolster its electric light commercial vehicle (eLCV) business by enhancing customer engagement and service.

“Through the JEM Saathi app, we aim to create a unified platform for our customers, offering vehicle service communications, local business discovery, and a robust charging infrastructure,” said a spokesperson for JEM. “We have partnered with Bengaluru-headquartered Pulse Energy in this initiative, providing over 1,300 fast chargers readily available for our customers.”

Despite the positive developments, Jupiter Wagons’ shares experienced a dip of 4.7% on the Bombay Stock Exchange, closing at Rs 318.05 on the day of the announcement. Market analysts view this as a temporary setback amid the substantial growth prospects the company is pursuing.

While the contract with Adani Group represents a significant advancement for Jupiter Wagons, the broader implications for the transportation and infrastructure sectors remain to be seen. The deal’s impact on local employment and manufacturing capabilities will also be monitored closely.