Jupiter Wagons Subsidiary Signs 10-Year Export Deal With European Rail Major Tatravagonka

Jupiter Wagons said its subsidiary, Jupiter Tatravagonka Railwheel Factory (JTRWF), has signed a long-term supply agreement with European rail wagon maker Tatravagonka.

The agreement covers the supply of:

• Rail wheels
• Axles
• Wheelsets 

India To Export Rail Wheelsets To Europe

Under the agreement, JTRWF plans to export around 50,000 wheelsets annually to Europe.

The company said this makes it India’s first rail wheel manufacturer to export wheelsets globally at such a scale.

Commercial supplies are expected to begin by the end of calendar year 2027.

10-Year Agreement Signed

The deal has been signed for a period of 10 years.

As part of the agreement, Tatravagonka and its affiliates will procure railway wheels, axles, and wheelsets from JTRWF.

Tatravagonka currently consumes nearly 20,000–30,000 wheelsets annually for its freight wagon operations across Europe.

Odisha Plant To Drive Production

The supplies will come from JTRWF’s upcoming greenfield manufacturing facility in Odisha.

Key project details:

• Planned investment: Around ₹3,000 crore
• Annual production capacity: 1 lakh wheelsets
• Export contribution target: 40–50% of production 

The facility is being designed to cater to both domestic and international demand.

Company Expects Strong Export Revenue

Vivek Lohia, Managing Director of Jupiter Wagons, said the agreement is an important milestone for both the company and India’s rail manufacturing sector.

He said India, which earlier depended on imports for wheelsets, is now moving towards becoming a major exporter.

The company expects export revenues of around ₹1,000–1,500 crore in the coming years from this business.

Boost For ‘Make In India’

The company said the agreement supports the government’s:

• Make in India initiative
• Aatmanirbhar Bharat mission 

According to management, the deal demonstrates that Indian manufacturing can compete in global rail markets traditionally dominated by European, American, and Chinese companies.

Strengthening India’s Rail Manufacturing Ecosystem

Pawan Kumar Agrawal, CEO and Whole-Time Director of JTRWF, said the agreement provides long-term visibility for the Odisha project and strengthens India’s position in global rail manufacturing.

The company believes the partnership will help build an internationally integrated rail supply chain from India.

About Jupiter Wagons

Jupiter Wagons manufactures freight wagons, locomotives, commercial vehicles, wheelsets, brake systems, bogies, and other railway products.

The company operates manufacturing facilities across multiple Indian cities and has partnerships with several global railway technology firms.

Read More: Stock Market Holiday this Week (May 25 –29): Will NSE, BSE And MCX Remain Open On Bakri Eid? 

Jupiter Wagons Share Price Movement

Jupiter Wagons share price (NSE: JWL) rose sharply on May 27 after the company announced a long-term export agreement through its subsidiary, Jupiter Tatravagonka Railwheel Factory (JTRWF). The stock gained 4.75% to trade at ₹303.50 on the NSE around 12:54 PM IST.

The stock opened at ₹288.80 and touched an intraday high of ₹306.90, while the day’s low stood at ₹286.95. Jupiter Wagons currently has a market capitalisation of ₹12,660 crore. The stock remains below its 52-week high of ₹419.40 but has improved from its 52-week low of ₹235.65.

Conclusion

The long-term agreement between JTRWF and Tatravagonka marks a major step for India’s railway manufacturing sector. The deal is expected to strengthen exports, boost domestic manufacturing capabilities, and position India as an emerging global supplier of rail wheelsets.

For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi.

Disclaimer:This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.