1 hr ago
Jupiter Wagons Wins Rs 98 Crore GATX India Order
Jupiter Wagons has received a large order worth Rs 98 crore from GATX India.
GATX India leases and operates railway wagons.
The order is for specialised wagons called BFNS22.9.
These wagons are designed to carry heavy loads.
The deal fits with Indian Railways’ Wagon Leasing Scheme.
This scheme allows private companies to lease and operate wagons on the railway network.
Jupiter Wagons said the order shows that global leasing companies trust its manufacturing and delivery abilities.
The company’s stock was flat after the news, according to the article headline.
Jupiter Wagons received a Rs 98 crore order from GATX India.
The order covers specialised BFNS22.9 high-payload wagons.
The deal aligns with Indian Railways’ Wagon Leasing Scheme for private operators.
Jupiter Wagons said the agreement strengthens its position among global wagon leasing partners in India.
Jupiter Wagons’ stock was flat, according to the article headline.
- Who
- Jupiter Wagons and GATX India are involved; Vivek Lohia commented on the agreement.
- What
- Jupiter Wagons won a Rs 98 crore order for specialised BFNS22.9 wagons.
- Where
- The order relates to operations on the Indian Railways network.
- When
- Why
- The deal supports GATX India’s wagon-leasing activities and growing demand for specialised rolling stock.
Key facts
- Order value
- Rs 98 crore
- Buyer
- GATX India
- Supplier
- Jupiter Wagons
- Wagon model
- BFNS22.9
- Relevant scheme
- Indian Railways’ Wagon Leasing Scheme
- Stock reaction
- Flat, according to the article headline
- Managing director
- Vivek Lohia
Quotes
Vivek Lohia
Managing Director of Jupiter Wagons
“This agreement with GATX India further strengthens our position in India's private wagon leasing landscape and reflects the confidence global players continue to place in Jupiter Wagons' engineering and delivery capabilities.”
businesstoday.in
“As leasing companies expand their presence on the Indian Railways network, the demand for specialised wagons such as the BFNS22.9 continues to grow.”
businesstoday.in
Sources
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