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:
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.
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.
The supplies will come from JTRWF’s upcoming greenfield manufacturing facility in Odisha.
Key project details:
The facility is being designed to cater to both domestic and international demand.
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.
The company said the agreement supports the government’s:
According to management, the deal demonstrates that Indian manufacturing can compete in global rail markets traditionally dominated by European, American, and Chinese companies.
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.
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.
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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.
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.
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Published on: May 27, 2026, 12:59 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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