Jupiter Wagons shares rise 4% after Rs 211 crore order wins, Rs 400 crore BESS project
Jupiter Wagons marked a notable surge in share prices due to securing significant contracts for freight wagons and energy storage solutions. With orders exceeding Rs 211 crore from the JSW Group and OASPL, alongside two battery energy storage initiatives worth Rs 400 crore, the company aims to bolster its market share in India, targeting a Rs 1,000 crore BESS order book by FY27.
Jupiter Wagons' shares climbed 4.48% to Rs 268.95 on Tuesday, buoyed by the company's recent order wins in the freight wagons and battery energy storage systems sectors. The firm secured Rs 211.27 crore worth of orders from JSW Group and OASPL, marking a significant boost to its order book. Additionally, Jupiter Wagons won two standalone Battery Energy Storage System (BESS) projects worth Rs 400 crore in West Bengal, further expanding its presence in India's energy-storage market.
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