Jupiter Wagons wins ₹1,140 crore Railway Board order for 2,583 wagons

The ₹1,140 crore value includes taxes, Jupiter said. The order covers BOXNHL and BOXNS wagons, two types in the open-wagon family used for bulk cargo such as coal. BOXNS is a 25-tonne axle-load design, and the Ministry of Railways has said such designs can carry about 12% to 17% more than equivalent lower-axle-load wagons, according to Maritime Gateway, which reported the order was received on 28 October and announced on 29 October 2026. Jupiter said the award reflects its execution record within Indian Railways' wagon procurement programme and that it is ready to execute with the discipline the programme demands.

In June 2026, Jupiter announced about ₹264.32 crore of orders, including a ₹122.88 crore letter of intent from JSW (South) Rail Logistics for five BFNSM1 rakes with BVCM wagons and a ₹141.44 crore contract from Central Warehousing Corporation for eight BLSS rakes, Maritime Gateway reported. The JSW portion was a letter of intent, while the Railway Board award is a confirmed contract. The Railway Board award is larger than the combined announced value of those June orders.

Jupiter said the order aligns with the National Rail Plan, the government programme to raise railways' share of freight movement. “Indian Railways is adding freight capacity at a scale and pace this country has not seen before, and this order reflects the Ministry’s continued confidence in our ability to deliver,” Managing Director Vivek Lohia said.

Lohia said Jupiter had integrated backward across castings, bogies, couplers and brake systems and is now extending that to wheelsets at a facility in Odisha. “That gives us greater control over cost, quality and delivery timelines,” he said.

Order outlook

Jupiter said its private-sector order book remains strong, supported by demand from private freight operators, wagon leasing companies and core-sector customers. It expects about ₹2,000 crore of incremental order inflows in Q4 FY27, a management forecast rather than a confirmed award.

The Ministry of Railways has issued a tender for 5,800 BOBRN wagons, which Jupiter said strengthens the near-term demand outlook. The tender is a procurement opportunity, not a confirmed order for Jupiter.

Market reaction

The shares rose more than 7.5% on 29 October 2026, opening at ₹186.24 and touching an intraday high of ₹198.00, CNBC TV18 reported. Multibagg reported the shares rose as much as 9.36% to ₹198 on the NSE in early trade. The stock was down 12.70% over the past month and 41.68% over the past year, and traded 45.85% below its 52-week high of ₹358.25.