Jupiter Wagons Limited , a key player in the Indian manufacturing sector, has recently received an Environmental, Social, and Governance (ESG) rating from a SEBI-registered provider. This development marks a significant step in the company's journey towards transparency and sustainability.

ESG Rating Details

Key Points

• ESG Risk Assessments and Insights Limited is India's first ESG rating provider registered with SEBI.
• The rating was independently assigned without Jupiter Wagons' engagement.
• Jupiter Wagons disclosed this information in compliance with SEBI regulations.

Company's Response

Jupiter Wagons Limited has promptly disclosed this rating to the stock exchanges, adhering to the regulatory requirements set by the Securities and Exchange Board of India (SEBI). The company's disclosure, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrates its commitment to transparency in corporate governance.

Implications of ESG Ratings

ESG ratings are increasingly becoming a crucial metric for investors and stakeholders to assess a company's long-term sustainability and ethical practices. While the specific implications of the rating '46' were not detailed, such assessments typically consider various factors including environmental impact, social responsibility, and governance practices.

For investors and market observers, this ESG rating provides an additional data point to consider when evaluating Jupiter Wagons Limited's overall performance and future prospects. It reflects the growing importance of sustainability metrics in the Indian corporate landscape.

As ESG considerations continue to gain prominence in investment decisions and corporate strategies, such ratings are likely to play an increasingly significant role in shaping market perceptions and company valuations.

Jupiter Wagons subsidiary, Jupiter Electric Mobility (JEM), has made a significant stride in the clean energy sector with the launch of its new containerized Battery Energy Storage Systems (BESS). The company has introduced 10-foot and 20-foot configurations, offering storage capacities ranging from 241.00 KWH to 3.00 MWH.

Cutting-Edge Technology for Sustainable Energy Solutions

The newly launched BESS units are designed to address various energy needs, including:

• Replacing diesel generators
• Storing solar energy
• Providing backup power solutions

These air-cooled, modular systems are built with a focus on easy transportation and robust performance in harsh conditions. They are engineered to support diverse clean energy applications across the Commercial & Industrial (C&I) segment.

Made-in-India Initiative

JEM's containerized BESS represents a milestone in India's energy storage sector. The company has taken a vertically integrated approach, with every component from the container to the battery and system integration designed and manufactured in-house. This makes it one of the few such initiatives in the Indian energy storage system (ESS) segment.

Strategic Partnership and Market Expansion

The first 10-foot BESS unit has been supplied in partnership with GMMCO, a CK Birla Group company, to Greenlit, a Mumbai-based subsidiary of Recube. This collaboration aims to drive decarbonization efforts in the events, entertainment, and hospitality sectors.

Mr. Vivek Lohia, Managing Director of Jupiter Group, commented on the launch: "With the launch of our modular 10 ft and 20 ft containerised Battery Energy Storage Systems, JEM marks an important milestone in our Battery Division. Designed ground-up with capacities from 241.00 kWh to 3.00 MWh, these systems highlight our in-house design, engineering, and manufacturing strength."

Global Ambitions and Future Plans

JEM is not limiting its focus to the domestic market. The company is set to export its first 20-foot BESS unit to Africa in October, marking its entry into global markets. Additionally, JEM plans to launch liquid-cooled BESS systems for grid-scale usage in the near future.

Scaling Up Production

To meet the growing demand in the C&I and utility markets, JEM's Indore plant is set to increase its production capacity from 1.00 GWh annually to 5.00 GWh over the next three years.

Contribution to India's Clean Energy Goals

The launch of JEM's containerized BESS aligns with India's Net Zero 2070 vision. By enabling deeper renewable integration, reducing carbon intensity across industries, and building a resilient storage backbone, JEM is contributing to the nation's clean energy future.

This innovative product launch by Jupiter Electric Mobility showcases the company's commitment to sustainable energy solutions and positions it as a key player in India's evolving clean energy landscape.