Jupiter Wagons announced that the Board of Directors of the Company at its meeting held on 18 September 2024, inter alia, have recommended the interim dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Jupiter Wagons has fixed 07 October 2024 as record date for interim dividend of Re 1 per share of Rs 10 each fully paid up for FY 2024-25. The dividend will be paid on or before 17 October 2024. Powered by Capital Market - Live

In addition, the company announced significant capacity expansion plans for this subsidiary, with the establishment of a new facility featuring state-of-the-art production lines for forged wheelsets. The new plant, located in Odisha, will increase the annual production capacity of Jupiter Tatravagonka Railwheel Factory from the current 20,000 forged wheelsets per annum to 100,000 forged wheelsets per annum by investment of approximately Rs 2,500 crore. The facility is expected to be fully operational by calendar year 2027. Once completed, it will serve both domestic and international markets, with approximately 50% of the production capacity dedicated to exports, primarily to its partner Tatravagonka A.S and other European players. The project will also enhance operational efficiency in the company's wagon manufacturing business through complete backward integration. By establishing this integrated forging line, the company aims to streamline production processes, ensure superior quality control, and secure the timely availability of critical components for its wagon manufacturing operations. Jupiter Wagons has awarded a contract to Schuler Pressen GmbH, a renowned German engineering company known for its cutting-edge forging technology, for the supply and erection of the fully integrated forged wheel and axle line. Vivek Lohia, managing director of Jupiter Wagons, said, 'We are excited to announce the transformation of our subsidiary, now named Jupiter Tatravagonka Railwheel Factory. The investment in a new facility housing state-of-the-art manufacturing technology, positions us for greater growth and efficiency. Jupiter Wagons continues to take bold steps toward a more sustainable, efficient, and globally competitive future for the rail infrastructure manufacturing industry in India. This latest investment underscores our vision of innovation and excellence as we now aim to deliver world-class products to global markets.' Jupiter Wagons Limited (JWL) is a provider of comprehensive mobility solutions, with diverse offerings across Freight Wagons, Locomotives, Passenger Coaches (LHB), Braking Systems, Metro Coach, Commercial Vehicles, ISO Marine Containers, and products such as Couplers, Draft Gears, Bogies, and CMS Crossings. JWL has manufacturing facilities located in Kolkata, Jamshedpur, Indore, and Jabalpur. The company's consolidated net profit jumped 46.19% YoY to Rs 91.88 crore in Q1 FY25. Net sales increased 16.82% YoY to Rs 879.86 crore in Q1 FY25. The counter declined 2.36% to Rs 532.60 on the BSE.Powered by Capital Market - Live

Jupiter Wagons will hold a meeting of the Board of Directors of the Company on 18 September 2024.Powered by Capital Market - Live

Jupiter Wagons announced that the Annual General Meeting (AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live

Jupiter Wagons will hold a meeting of the Board of Directors of the Company on 25 July 2024.Powered by Capital Market - Live

Godfrey Phillips India Ltd, Zomato Ltd, MMTC Ltd and Electrosteel Castings Ltd are among the other losers in the BSE's 'A' group today, 16 July 2024.Jupiter Wagons Ltd lost 6.02% to Rs 660 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 4.88 lakh shares were traded on the counter so far as against the average daily volumes of 1.71 lakh shares in the past one month.Godfrey Phillips India Ltd crashed 5.17% to Rs 4487.75. The stock was the second biggest loser in 'A' group.On the BSE, 12552 shares were traded on the counter so far as against the average daily volumes of 13682 shares in the past one month.Zomato Ltd tumbled 4.69% to Rs 218.35. The stock was the third biggest loser in 'A' group.On the BSE, 14.87 lakh shares were traded on the counter so far as against the average daily volumes of 29.29 lakh shares in the past one month.MMTC Ltd dropped 4.18% to Rs 90.95. The stock was the fourth biggest loser in 'A' group.On the BSE, 6.54 lakh shares were traded on the counter so far as against the average daily volumes of 14.48 lakh shares in the past one month.Electrosteel Castings Ltd shed 3.96% to Rs 194.1. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.22 lakh shares were traded on the counter so far as against the average daily volumes of 1.8 lakh shares in the past one month.Powered by Capital Market - Live