Jupiter Wagons secures land for railwheel plant in Odisha

Jupiter Wagons Limited (BSE: 533272; NSE: JWL), through its subsidiary Jupiter Tatravagonka Railwheel Factory Pvt. Ltd. (JTRF), has acquired land in Haldiapada, Khordha, Odisha, for a new railwheel and axle forging plant. JTRF plans to invest INR 2,500 crore in phases to develop the facility, which is expected to produce 100,000 forged wheelsets annually, catering to both domestic and international markets. Around 50% of production is slated for exports, particularly to Tatravagonka A.S., a Slovakian rail infrastructure company, and other European firms. Operations are slated to commence by 2027. The project is expected to create thousands of jobs and boost economic growth in the region. The project aligns with the "Make in India" and "Atmanirbhar Bharat" initiatives.