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Jupiter Wagons Wins Rs. 957 Cr. Order from Indian Railways

Jupiter Wagons Limited has secured an order worth Rs. 956.87 crore from the Indian Railways for supply of goods transportation wagons. The company shared this information in a stock exchange filing dated 6th March 2024.

Scope of work in this order involves manufacturing and supplying 2,237 Boxn-HL (High-Sided Open Wagon) with Side Mechanism (or BOSM) wagons which are used for transporting bulk materials. These wagons can be loaded and un-loaded using a side opening mechanism, making them ideal for transporting bulk goods such as coal, iron ore, etc.

Jupiter Wagons’ stock gained 2.17% after the company announced the aforementioned order as compared to the previous trading day. Further, volume of share trades of the company peaked at 49,96,000 trades one day after securing the order against 10,40,000 trades on previous trading day. This represents an increase to 4.80 times in terms of volume of share trades.