tazzanews

[tazzanews]

"Jupiter Wagons Lands Rs 100 Crore Contract for Revolutionary Double-Decker Auto Carrier Wagons"

On Monday morning, investors will be closely monitoring the shares of Jupiter Wagons, a company that offers mobility solutions for rail, road, and marine transportation. The company recently announced that it has secured a substantial contract from a top automobile manufacturer to manufacture and supply four double-decker automobile carrier wagons, with a total estimated value of approximately Rs 100 crore.Jupiter Wagons said in a filing to the BSE that these highest Double Decker Automobile Carrier Wagons will have several cutting-edge features including articulated bogies and reduced idling time due to sick wagon substitution. They will also be able to load SUV models on both the bottom and top deck. The maximum moving dimensions of these wagons, which not only fit the Dedicated Freight Corridor (DFC) but also a sizable portion of the existing national railway network, are being brought to Indian Railways for the first time, the statement said.According to Arihant Capital Markets, Jupiter Wagons' order book was valued at Rs 6,755 crore in the second quarter, roughly 2.25 times its revenues over the previous 12 months, indicating a strong commercial outlook. "At the end of FY24E/FY25E, respectively, the company plans to execute approximately 800/1000 wagons each month, up from its current pace of about 700 wagons per month. Future cost reductions and increased margins would result from the capital expenditures for brake systems, wheelsets, and foundries. We believe that the stock is doing well," it stated."This achievement not only highlights our manufacturing prowess but also reinforces our commitment to contributing to the nation's railway infrastructure development," stated Vivek Lohia, Managing Director of Jupiter Wagons, in response to the order. We're prepared to use our knowledge and assets to deliver these wagons and make sure they fulfill the highest requirements for performance and quality.Additionally, last week, the Ministry of Defense placed an order with the company for the production and delivery of 697 Boggie Open Military (BOM) Wagons. The deal was worth 473 crore rupees. The specialized wagons known as Bogie Open Military (BOM) wagons are essential for the mobilization of armed troops. According to Jupiter Wagons, these wagons are essential for moving a variety of military equipment to combat zones. According to the company in a BSE filing, this vital rolling stock guarantees the quick and simultaneous induction of units and equipment and makes their mobility for military drills and station transfers easier.This historic deal, according to Jupiter Wagons, is a critical step in supporting domestic manufacturing and encouraging private sector involvement in defense manufacture.

[tazzanews]

Ayley Matthews Biography & More

She is a right-handed batter and right-arm off-break bowler for the West Indies national cricket team. Ayley Matthews is a West Indies international cricket player. She has played for teams like Tasmania, Lancashire, Thunder, Southern Vipers, Loughborough Lightning, Velocity, and Hobart Hurricanes in addition to Barbados Read more