Rs 7028.34 Crore Order Book: Railway Wagons Company Acquires Log9’s Railway and Electric Truck Battery Divisions, Strengthening Position in Electric Truck and Railway Battery Solutions

The stock gave multibagger returns of 600 per cent in 2 years and a whopping 3,600 per cent in 5 years.

Jupiter Wagons Limited (JWL), a leading provider of comprehensive mobility solutions encompassing rail, road, and marine transportation, announced a landmark acquisition of Log9’s Railway and Electric Battery technology and business. Jupiter Electric Mobility (JEM), a subsidiary of JWL, today announced a landmark acquisition of Log9’s technology and business assets for its Railway Battery and Electric Truck Battery Divisions. This acquisition marks a significant advancement in JEM’s mission to revolutionize the electric mobility landscape in India by expanding its portfolio with cutting-edge battery solutions tailored for both the electric truck segment and Indian Railways.

The acquisition includes the engineering and production teams dedicated to railway and electric truck battery technologies, who will now become part of JEM’s dynamic workforce. Additionally, JEM will acquire Log9’s state-of-the-art manufacturing facility located in Devanahalli, Bangalore further reinforcing its position as a leading player in India’s electric mobility ecosystem. This strategic merger enhances JEM’s capabilities in the electric truck segment by enabling backward integration into battery production—an essential component of its electric light commercial vehicles (e-LCVs). With this addition, JEM will be better equipped to design, engineer, and produce in-house battery solutions, strengthening its position in a highly competitive market.

For Jupiter Wagons Limited, JEM’s acquisition of Log9’s railway battery technology is a pivotal expansion of its Railways Product Landscape. By adding this vital battery division, JEM is positioned to support a range of applications in the Indian Railways segment. Notably, JEM and Log9 have already seen success in piloting battery products with Indian Railways, recently securing an order for Vande Bharat batteries in collaboration with Siemens.

About the Company

Jupiter Wagons Ltd (JWL) is a manufacturer focused on metal fabrication, specifically creating load bodies for commercial vehicles (like shipping containers and garbage-bin collectors), rail freight wagons, and various components. This diverse product portfolio caters to a wide range of industries, including mining, road construction, transportation, waste management, city services and even national defence.

Talking about the financials, the company has a market cap of over Rs 20,000 crore and has delivered good profit growth of 80.1 per cent CAGR over the last 5 years. In its Quarterly Results (Q1FY25) and annual results (FY24), the company reported positive numbers. As of June 30, 2024, the company order book stands at Rs 7,028.34 crore. The stock gave multibagger returns of 600 per cent in 2 years and a whopping 3,600 per cent in 5 years. Investors should keep an eye on this railway wagon company’s stock.

Disclaimer: The article is for informational purposes only and not investment advice.