Jupiter Wagons shares jumped more than 4% after securing a significant contract from Ambuja Cements Limited and ACC Limited, both part of the Adani Cement Group. The company has received a Letter of Acceptance (LOA) for the manufacture and supply of BCFCM rakes wagon with BVCM wagons, reinforcing its position as a key player in India’s rail logistics sector.
The contract, valued at approximately ₹600 crore, reflects the increasing demand for specialized freight wagons to streamline cement transportation across the country. As infrastructure development accelerates, efficient logistics solutions become crucial, making Jupiter Wagons a preferred partner for leading industrial players. The LOA, issued on February 10, 2025, underscores the trust and confidence of the Adani Cement Group in Jupiter Wagons’ expertise and manufacturing capabilities.
Jupiter Wagons has consistently expanded its portfolio in railway wagons, coaches, and freight solutions, aligning with India’s push for advanced rail logistics. With this order, the company strengthens its foothold in the sector, catering to the evolving needs of bulk commodity transportation. Investors have responded positively to this development, driving up the company’s stock value, reflecting optimism about its future growth.
Jupiter Wagons’ stock saw volatility today, opening at ₹322.05, reaching a high of ₹332.80, and dipping to ₹301.05. The stock is near its 52-week low of ₹300.50, significantly below its 52-week high of ₹748.10. As of 11:23 AM, the shares were trading 4.01% higher at Rs 330.70.
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