5 hrs ago
Jupiter Wagons Wins Uttarakhand Storage Project, Receives West Bengal Award
Jupiter Wagons has won a battery storage project in Uttarakhand through its energy business, JEM Energy.
The project will store electricity in large batteries.
It is planned to have 41 MW of power capacity and 102.5 MWh of storage.
The company also received an award for another battery project in West Bengal.
That project will be built at a substation in Jeerat.
Jupiter Wagons says it wants to grow its battery storage business across India.
Its managing director says the company is aiming for a BESS order book of about ₹1,000 crore by FY27.
The company also expects its electric mobility business to reach certain financial milestones in FY27 and FY28.
Jupiter Wagons, through JEM Energy, won a 41 MW/102.5 MWh standalone battery storage project from Uttarakhand Power Corporation.
The approximately ₹100 crore Uttarakhand project was won with Madhav Infra Projects as the L1 bidder for Cluster C.
Jupiter Wagons received a formal Letter of Award for a 50 MW/200 MWh project at the Jeerat 132 kV substation in West Bengal.
Managing Director Vivek Lohia reiterated a target of building a BESS order book of approximately ₹1,000 crore by FY27.
The company expects Jupiter Electric Mobility to turn EBITDA positive in Q3 FY27 and become profitable by FY28.
- Who
- Jupiter Wagons Limited, through JEM Energy, and project partners and awarding utilities.
- What
- Jupiter Wagons won a 41 MW/102.5 MWh Uttarakhand battery storage project and received a Letter of Award for a 50 MW/200 MWh West Bengal project.
- Where
- The projects are in Uttarakhand and at the Jeerat 132 kV substation in North 24 Parganas, West Bengal.
- When
- The announcement was made on October 5, 2026; the West Bengal project was secured in August 2026.
- Why
- The Uttarakhand project expands JEM Energy into a new state and supports Jupiter Wagons' expansion into energy storage and other growth businesses.
Key facts
- Uttarakhand project capacity
- 41 MW/102.5 MWh
- Uttarakhand project value
- Approximately ₹100 crore
- Uttarakhand awarding utility
- Uttarakhand Power Corporation Limited
- West Bengal project capacity
- 50 MW/200 MWh
- West Bengal project location
- Jeerat 132 kV substation, North 24 Parganas
- BESS order-book target
- Approximately ₹1,000 crore by FY27
- JEM financial outlook
- EBITDA positive in Q3 FY27; expected to be profitable by FY28
Sources
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