"Vande Bharat gets a ₹215 crore boost! Guess who’s powering the wheels?"

🚆 Big win for Jupiter Wagons! Their unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory Pvt Ltd, has received a ₹215 crore Letter of Intent to supply 5,376 wheelsets for the prestigious Vande Bharat trains. Here’s why this matters: 🔧 Order Highlights - Client: Indian Railways (Vande Bharat project) - Scope: 5,376 wheelsets - Value: ₹215 crore - Date of LOI: August 19, 2025 📉 Recent Performance Snapshot - Q1FY26 revenue: ₹459 crore (↓ ~48% YoY) - Net profit: ₹31 crore (↓ ~66% YoY) - Margin pressures due to earlier wheelset shortages ⚡ Strategic Moves - Wheel supply now stabilizing—expected to recover lost production - Targeting ₹5,000 crore revenue for FY26 - Expanding EV arm (JEM) with new showrooms and partnerships for clean mobility