Jupiter Tatravagonka Railwheel Factory signs a Landmark Definitive Long-Term Supply Agreement with Tatravagonka a.s.

Jupiter Tatravagonka Railwheel Factory Pvt. Ltd. (JTRWF), has entered into a definitive long-term supply agreement with the leading European rail wagon manufacturer Tatravagonka a.s. for the supply of rail wheels, axles, and wheelsets. Through its greenfield plant at Odisha, the company has planned annual capacity of One Lakh wheelsets. And expects to export approximately 50,000 wheelsets annually to the European market placing India squarely on the global rail supply chain map.

The agreement is structured for 10 years, with commercial supplies expected to commence by the end of calendar year 2027. The deal establishes a required procurement framework under which TATRAVAGÓNKA a.s. and its affiliates will procure railway wheels, axles, and wheelsets from JTRWF. TATRAVAGÓNKA a.s., which manufactures and maintains freight wagons for customers across Europe and beyond, currently alone consumes approximately 20,000 to 30,000 wheelsets annually to sustain its operations.

JTRWF's greenfield Odisha plant, will cater to this demand and has been purpose-built with a state-of-theart design and engineering capabilities. With an estimated investment of ₹3,000 crore, the facility is being designed with a planned annual production capacity of 100,000 wheelset and will cater to both domestic international demands. The company has previously indicated that nearly 40-50% of the Odisha plant's production capacity is expected to cater to export markets over the long term.

Mr. Vivek Lohia, Managing Director, Jupiter Wagons Limited, commented: "This agreement represents an important milestone not only for Jupiter Tatravagonka Railwheel Factory, but also for India's rail manufacturing ecosystem. Through this agreement, India- that was a net importer of wheelsets, will now become major exporter to the world. It validates our technology, manufacturing processes and quality standards for global markets while strengthening our long-term export ambitions. We are expecting to add 1000-1500 Cr. of revenue through the exports in the coming years.

This agreement is a powerful validation of India's Make in India and Aatmanirbhar Bharat initiatives. It demonstrates that Indian manufacturing, when backed by the right investment, technology, and quality systems, can cater to the requirements of the world's most competitive markets of the world. The railway sector has historically been dominated by European, Chinese, and American manufacturers. JTRWF's breakthrough into this space as the ONLY exporter signals a structural shift in India's industrial competitiveness."

Mr. Pawan Kumar Agrawal, CEO & Whole Time Director, Jupiter Tatravagonka Railwheel Factory Private Limited, said: "The long-term agreement with Tatravagonka a.s. provides strategic visibility for our upcoming Odisha facility and reinforces confidence in India's ability to emerge as a competitive supplier of high-quality forged wheelsets for international markets. This partnership is an important step towards building a globally integrated rail manufacturing ecosystem from India to the world."

Shares of Jupiter Wagons Limited was last trading in BSE at Rs. 298.45 as compared to the previous close of Rs. 290.05. The total number of shares traded during the day was 601120 in over 6993 trades.

The stock hit an intraday high of Rs. 308.50 and intraday low of 286.70. The net turnover during the day was Rs. 179916727.00.

Source : Equity Bulls

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