Jupiter Wagons Limited (JWL), a leading provider of comprehensive mobility solutions, has announced a significant order worth INR 242.41 crore from GATX India Private Limited, the largest private railcar lessor in India. The contract involves the manufacturing and supply of 583 specialized wagons, showcasing JWL's expertise in catering to diverse transportation needs.

Order Details

The order encompasses a variety of specialized wagon types:

1. BLSS (Container Carrier Wagon): Designed for carrying ISO containers with high axle load capacity and improved payload-to-tare ratio.
2. ACT2 (Bi-level SUV Carrier): Engineered to transport up to 10 SUVs per wagon, offering secure and efficient transportation of finished automobiles.
3. BOXNHL (High-Capacity Open Wagon): Open-top wagons with a payload capacity exceeding 70 tonnes, suitable for bulk commodities like coal and iron ore.
4. BVCM Wagons: Additional specialized wagons included in the contract.

These wagons are engineered for high-capacity, long-distance operations, aligning with the evolving requirements of India's freight logistics infrastructure.

Strategic Importance

Mr. Vivek Lohia, Managing Director of Jupiter Wagons Limited, commented on the order, stating, "We are delighted to further strengthen our association with GATX India through this prestigious order. As the largest private railcar lessor in India, GATX plays an instrumental role in enabling modern, flexible freight operations. This engagement marks an important step forward in our customer diversification strategy, and we look forward to building a long-term, value-driven relationship."

Company Overview

Jupiter Wagons Limited has established itself as a comprehensive mobility solutions provider with a diverse portfolio. The company operates manufacturing facilities in Kolkata, Jamshedpur, Indore, Jabalpur, Aurangabad, and Bangalore, serving a marquee client base that includes Indian Railways, Tata Motors, Adani Group, and GE, among others.

JWL's product range extends beyond rail solutions to include:

• Commercial vehicles
• Marine containers
• Various components such as couplers, draft gears, bogies, and brake systems
• Sustainable mobility solutions:
  • Electric commercial vehicles (e-LCVs)
  • BESS containers
  • Lithium batteries

Industry Impact

This order reinforces Jupiter Wagons' position in the market and highlights its capabilities in executing large-scale, specialized projects. The diverse range of wagons in this order is expected to significantly enhance cargo handling capabilities for GATX and its clients, contributing to the efficiency of India's freight logistics infrastructure.

As Jupiter Wagons continues to expand its presence across rail, road, marine, and sustainable mobility sectors, this order serves as a testament to the company's commitment to delivering high-quality, future-ready solutions that support the vision of a modern and efficient logistics infrastructure for India.

Jupiter Wagons , a prominent player in the Indian wagon manufacturing industry, has received a request from promoter Sagarika Gupta to reclassify her shareholding from the 'Promoter and Promoter Group' category to the 'Public' category. This development comes as part of the company's ongoing efforts to maintain transparency and comply with regulatory requirements.

Shareholding Details

Sagarika Gupta currently holds 55,100 equity shares, representing 0.01% of Jupiter Wagons' total equity share capital. These shares were transmitted to her following the demise of her father, Late Samir Kumar Gupta, who was a promoter of the company.

Reasons for Reclassification

In her request dated August 5, 2025, Gupta stated several key points:

1. She does not exercise control over the company.
2. She is not involved in the management of Jupiter Wagons.
3. She holds no special rights in the company.

Regulatory Process

The reclassification request is subject to a multi-step approval process:

1. Analysis and approval by the Board of Directors of Jupiter Wagons Limited
2. Approval from the National Stock Exchange of India Limited (NSE)
3. Approval from BSE Limited
4. Compliance with applicable regulatory conditions as specified under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Compliance Assurances

In her letter to the Board of Directors, Gupta provided several compliance assurances:

• She, along with persons related to her, do not hold more than ten percent of the total voting rights in the company.
• They do not have any special rights through formal or informal arrangements, including shareholder agreements.
• They will not be represented on the board of directors or act as key managerial personnel in the company.
• They are not classified as 'wilful defaulters' or fugitive economic offenders.

Gupta also committed to complying with the conditions mentioned under Regulation 31A(3) of the SEBI Listing Regulations for a period of not less than three years from the date of reclassification.

Upcoming Board Meeting

In a separate announcement, Jupiter Wagons Limited has scheduled a board meeting for August 12, 2025, to consider and approve the unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025. The company has also reminded that the trading window for dealing in its securities remains closed for all designated persons and insiders until 48 hours after the declaration of these financial results.

This reclassification request and the upcoming financial results announcement highlight Jupiter Wagons' commitment to regulatory compliance and transparent corporate governance practices.