New Delhi, Aug. 20 -- Jupiter Wagons, a key manufacturer of railway wagons, will be on investors' radar in Thursday's trading session (August 20) after the company informed investors that its unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, has received a Letter of Intent for the supply of 5,376 wheelsets for Vande Bharat trains, with the order valued at approximately Rs.215 crore.
The company's shares have been under pressure in recent weeks after it reported a weak set of numbers for the June quarter. Revenue from operations for Q1FY26 stood at Rs.459.3 crore, down 47.8% YoY, largely due to a shortage of wheelsets supplied by the Railway Wheel Factory, Indian Railways, particularly for 25-ton axle load wagon...
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