Rail Wagon Procurement

Jupiter Wagons Q1 FY25 results: Net profit rises 40% to Rs 89 crore

Leading manufacturer of railway wagons, wagon components and castings Jupiter Wagons Ltd on Friday posted a 40.3 per cent rise in profit after tax (PAT) to Rs 89.23 crore for the June quarter. The company had posted a consolidated PAT of Rs 63.60 crore in the year-ago period. The company's income during the April-June period increased to Rs 902.19 crore, over Rs 755.41 crore in the year-ago period, Jupiter Wagons Ltd (JWL) said in a statement. "We are excited to report outstanding results for Q1FY25... Despite challenges from the general elections and peak summer, we maintained a strong consolidated EBITDA margin of 15.5 per cent. Our wagon business remains crucial, contributing 80 per cent of revenue. We are actively diversifying into sectors such as railway components, commercial vehicles, brake discs, brake systems and containers," it said. JWL is a provider of comprehensive mobility solutions, with diverse offerings across freight wagons, locomotives, commercial vehicles, ISO

Jupiter Wagons switching tracks: To expand rail supply chain beyond wagons

The company looks to capture the rolling stock replacement market, which it believes will supersede the original equipment manufacturing market in the future

Jupiter Wagons Q3 results: Consolidated net profit rises 82% to Rs 81 crore

Jupiter Wagons Ltd on Tuesday reported a consolidated net profit of Rs 81.46 crore during the third quarter of the current fiscal, up by 82 per cent from Rs 44.59 crore in the corresponding period last year. The revenue from operation was Rs 895 crore during the October-December period of the 2023-24 financial year (FY'24) as compared to Rs 879 crore in the year-ago quarter, the company said in a regulatory filing. The wagon maker stated that its EBITDA margin expanded by 140 basis points. The order book stood at over Rs 7,000 crore, it said. The company closed a Qualified Institutional Placement (QIP) in December 2023, raising Rs 403 crore that provides the necessary fuel for ambitious growth plans, including setting up of a foundry, working capital requirements and backward integration through inorganic growth, the Kolkata-based mobility major said.

Texmaco Rail & Engineering secures Rs 1,374 cr order from Indian Railways

Texmaco Rail & Engineering Ltd on Wednesday said it has secured an order worth Rs 1,374.41 crore from the Ministry of Railways for manufacture and supply of 3,400 wagons. The order is to be executed in three tranches by December 2025, the company said in a regulatory filing. "Ministry of Railways (Railway Board) vide its Letter of Acceptance has awarded an order to the company for manufacture and supply of 3,400 BOXNS wagons," it said. The first tranche of 1,133 wagons is to be delivered by December 31, 2024 while the second tranche of 1,133 wagons is to be delivered by June 30, 2025. The last tranche of 1,134 wagons is to be delivered by December 31, 2025. The total value of the order is about Rs 1,374.41 crore, the company said.

Railways redesigning wagons, overhauling infra to transport more SUVs

Among cars, UVs have seen the highest growth during the past few years

Titagarh Wagons to invest Rs 1,000 cr in 3-5 yrs for capacity building

Titagarh Wagons is looking to invest close to Rs 1,000 crore over the next three to five years for capacity building in the manufacturing of wagons, coaches and foundry

Railways spent Rs 150 cr to repair wagons, help coal movement: Data

The railways spent more than Rs 150 crore in repairing around 2,000 damaged and dilapidated wagons over the last four months to augment coal movement to power plants, according to official data. It also said that around 9,982 such wagons were listed as damaged in January, the numbers of which reduced to 7,803 by May 2, with the railways managing to repair 2,179 wagons in time for the coal demand to peak in the country. Officials said it cost the national transporter around Rs 5 lakh to Rs 10 lakh to repair each wagon. Sources indicate that damage to wagons has become a cause of concern for the ministry since private contractors used by power plants to unload coal began substituting manual unloading with JCBs. "JCBs hit the interior of the wagons and damage them severely. While earlier, this unloading was done manually, now it is being done through JCBs which have resulted in a significant increase in the number of wagons that are damaged. We are repairing them at a fast pace and usi

Braithwaite bets on domestic demand due to Russia-Ukraine war

Braithwaite & Co Ltd is betting big on domestic demand for wagons after the Russia-Ukraine crisis has derailed its export negotiations for shipping out over 5,000 railway freight vehicles worth more than Rs 1,000 crore to war-torn Ukraine, an official said on Sunday. The PSU under the Ministry of Railways was negotiating with Ukraine to secure an order of 5,400 wagons, the largest export bid for the company. The war derailed the export negotiations. The company could be in trouble if it had broken out in the execution phase of the proposed shipment. However, domestic wagon requirement has gone up substantially and the delay in securing the export order has compelled us to focus on Indian supplies, Braithwaite CMD Yatish Kumar told PTI. The engineering firm along with the Research Designs & Standards Organisation (RDSO) has been working for the "RO-RO truck on train concept", he said. "A prototype has been manufactured with RDSO design and the conflict pushed us to focus on ...