Jupiter Wagons jumps as arm signs BESS deals worth 110 MWh
Mumbai, May 25 -- The agreements add 110 MWh of BESS business to JEM Energy's FY27 orderbook. The projects include utility-scale and commercial and industrial deployments.
Following the latest deals, JEM Energy's BESS orderbook has crossed Rs 150 crore. The company is targeting a combined battery and BESS orderbook of Rs 200 crore in FY27.
The company said the agreements strengthen its position in India's energy storage market. The projects will support grid stability and renewable energy integration.
JEM Energy is targeting revenue of over Rs 500 crore from the battery and BESS business in FY28. It also expects the segment to turn EBITDA positive by FY28.
Over a three-year horizon, the company aims to achieve revenue of more than Rs ...
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