New Delhi, May 9 -- Rail engineering firm Jupiter Wagons Ltd is preparing a major global expansion through exports of battery energy storage systems (BESS), wheelsets and freight wagons, while also entering passenger coach and metro train manufacturing through a partnership with a global rail company.

The company expects exports and new mobility businesses to become key growth drivers over the next three years as it diversifies beyond its core wagon manufacturing operations, looking to double its revenues by 2028-29.

"Exports could contribute 20-25% of revenue over the next few years as we scale up our battery systems, wheelsets and wagon businesses internationally," managing director Vivek Lohia told Mint in an interview, adding that t...