NEW DELHI (Metro Rail News): Jupiter Wagons Ltd (JWL) which is a Kolkata-based mobility solutions provider is planning to enter into the manufacturing of metro coaches and similar urban rapid mass transit systems and high-speed trains as well. JWL therefore has entered into a partnership with Spanish firm CAF and is planning to set up a manufacturing facility at an estimated investment of around ₹300 crore.
According to Vivek Lohia, Managing Director, Jupiter Wagons, the company is yet to zero in on the location for the proposed unit. The investment of ₹300 crore would be jointly funded by JWL and CAF.
“We have an order book of around ₹3,000 crore from Indian Railways and another ₹1,500 crore from private entities. Indian Railways is likely to come up with tenders for another 30,000-40,000 wagons. Our order book is very healthy so far and now it all depends on execution,” he said.
The company, which has recently got itself listed on BSE and NSE via a reverse merger with CEBBCO (Commercial Engineers & Body Builders Company Ltd), currently has an order book of close to ₹4,500 crore for wagons primarily coming from Indian Railways and also some private entities.