Jupiter Wagons Ltd Share Price – NSE  /  BSE

Capital Goods-Non Electrical Equipment, Small Cap

Jupiter Wagons will hold a meeting of the Board of Directors of the Company on 25 July 2024.

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Godfrey Phillips India Ltd, Zomato Ltd, MMTC Ltd and Electrosteel Castings Ltd are among the other losers in the BSE's 'A' group today, 16 July 2024.

Jupiter Wagons Ltd lost 6.02% to Rs 660 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 4.88 lakh shares were traded on the counter so far as against the average daily volumes of 1.71 lakh shares in the past one month.

Godfrey Phillips India Ltd crashed 5.17% to Rs 4487.75. The stock was the second biggest loser in 'A' group.On the BSE, 12552 shares were traded on the counter so far as against the average daily volumes of 13682 shares in the past one month.

Zomato Ltd tumbled 4.69% to Rs 218.35. The stock was the third biggest loser in 'A' group.On the BSE, 14.87 lakh shares were traded on the counter so far as against the average daily volumes of 29.29 lakh shares in the past one month.

MMTC Ltd dropped 4.18% to Rs 90.95. The stock was the fourth biggest loser in 'A' group.On the BSE, 6.54 lakh shares were traded on the counter so far as against the average daily volumes of 14.48 lakh shares in the past one month.

Electrosteel Castings Ltd shed 3.96% to Rs 194.1. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.22 lakh shares were traded on the counter so far as against the average daily volumes of 1.8 lakh shares in the past one month.

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Jupiter Electric Mobility, a subsidiary of Jupiter Wagons (JWL), in partnership with Log9 Materials - a leading Indian company in deep tech innovation and energy storage technologies, announced a key milestone in the development and certification of its Lithium-Ion Phosphate (LFP) battery technology, enhancing the efficiency and sustainability of rail transport in India.

Key Achievements:

1. RDSO Certification for Non-AC Coaches: Successful completion of a six-month trial of its 11.2 kWh LFP battery pack for rail coaches, making Jupiter the first company to receive certification from the Research Designs and Standards Organisation (RDSO). This marks a significant achievement in the advancement of battery technology for Indian Railways.

2. Contract Awarded by Siemens: Awarded a purchase order by Siemens for the supply of 36 auxiliary batteries, each with a capacity of 72.8 kWh, for 9 Vande Bharat Trainsets. This order underscores the trust and reliability that Siemens places in these advanced battery solutions. Additionally, the 72.8 kWh LFP battery pack has received RDSO approval, further validating its performance and safety.

3. Technical Qualification by BHEL: The 72.8 kWh LFP battery pack has been technically qualified by BHEL for use in Vande Bharat Trainsets. This qualification by BHEL, a major player in the railway sector, demonstrates the robustness and technical excellence of Jupiter's battery solutions.

The company added, These milestones reflect our commitment to supporting the modernization and electrification of Indian Railways, contributing to a greener and more efficient transportation network. Our LFP battery technology offers superior performance, safety, and longevity, making it an ideal choice for a wide range of railway applications.

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Jupiter Electric Mobility (JEM) successfully completed Research Designs and Standards Organisation (RDSO) Certification for non-AC coaches powered by its 11.2 kWh LFP battery pack. This marks a significant achievement in the advancement of battery technology for Indian Railways.

Furthermore, JEM secured a contract from Siemens to supply 36 auxiliary batteries, each with a capacity of 72.8 kWh for 9 Vande Bharat Trainsets. This 72.8 kWh LFP battery pack has also received RDSO approval, further validating its performance and safety.

The 72.8 kWh LFP battery pack has been technically qualified by Bharat Heavy Electricals (BHEL) for use in Vande Bharat Trainsets. This qualification by a major railway sector player like BHEL demonstrates the robustness and technical excellence of Jupiter’s battery solutions.

Vivek Lohia, MD, Jupiter Wagons, said, These accomplishments underscore our steadfast dedication to innovation and excellence in railway technology. The RDSO certification, the confidence shown by Siemens, and the technical qualification by BHEL are clear indicators of the superior quality and dependability of our LFP battery solutions. Given the significant demand from Indian Railways and the shift from conventional energy sources towards sustainable and energy efficient solutions, we believe this business can emerge as a significant contributor to overall revenues over a medium to long-term horizon.”

Jupiter Wagons Limited (JWL) is a provider of comprehensive mobility solutions, with diverse offerings across Freight Wagons, Locomotives, Passenger Coaches (LHB), Braking Systems, Metro Coach, Commercial Vehicles, ISO Marine Containers, and products such as Couplers, Draft Gears, Bogies, and CMS Crossings. JWL has manufacturing facilities located in Kolkata, Jamshedpur, Indore, and Jabalpur.

The company reported standalone net profit of Rs 104.22 crore in Q4 FY24, steeply higher than Rs 40.78 crore in Q4 FY23. Revenue from operations jumped 56.38% YoY to Rs 1,112.93 crore in Q4 FY24.

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