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Jupiter Wagons subsidiary to export rail wheelsets to Europe under 10 year pact
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....upiter Wagons subsidiary to export rail wheelsets to Europe under 10 year pact<BR>Customs & Trade<BR>Dated:- 28-5-2026<BR>PTI<BR>Kolkata, May 28 (PTI) Jupiter Tatravagonka Railwheel Factory Pvt Ltd (JTRWF), a subsidiary of Jupiter Wagons Limited, on Thursday said it has signed a long-term supply agreement with European rail wagon manufacturer Tatravagonka a.s for supply of rail wheels, axles and w....
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....heelsets. The agreement, signed for a period of 10 years, will see commercial supplies commence by the end of calendar year 2027, the company said in a statement. JTRWF said its upcoming greenfield manufacturing facility in Odisha, being developed with an estimated investment of Rs 3,000 crore, will have a planned annual production capacity of 1 lakh wheelsets and is expected to export aroun....
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....d 50,000 wheelsets annually to the European market. Tatravagonka a.s, which manufactures and maintains freight wagons for customers across Europe and other regions, currently consumes around 20,000-30,000 wheelsets annually for its operations, the statement said. "This agreement represents an important milestone not only for Jupiter Tatravagonka Railwheel Factory, but also for India's rail m....
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....anufacturing ecosystem. Through this agreement, India, which was a net importer of wheelsets, will now become a major exporter to the world," Jupiter Wagons Managing Director Vivek Lohia said. He said the company expects to generate Rs 1,000-1,500 crore in revenue from exports in the coming years. Lohia said the agreement validates India's manufacturing capabilities and strengthens the count....
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....ry's position in the global rail supply chain. The company said nearly 40-50 per cent of the Odisha plant's production capacity is expected to cater to export markets over the long term. PTI BSM RG =============<BR> News - Press release - PIB....