Stories
Jupiter Wagons Secures Major Battery Energy Storage Projects in Uttarakhand and West Bengal
- •Jupiter Wagons Ltd through its energy arm JEM Energy won a 41 MW/102.5 MWh standalone BESS project from Uttarakhand Power Corporation Ltd in partnership with Madhav Infra Projects Ltd.
- •The Uttarakhand project involves the supply and commissioning of BESS systems worth approximately Rs 100 crore.
- •JWL also received a formal Letter of Award from West Bengal State Electricity Distribution Company Ltd for a 50 MW/200 MWh standalone BESS project at the Jeerat substation.
- •The company is scaling its utility-scale portfolio in line with the Union Cabinet's approval of Phase-III of the Green Energy Corridor.
- •JWL aims to build a BESS order book of about Rs 1,000 crore by FY27 and expects Jupiter Electric Mobility to turn profitable by FY28.
Key Questions Answered
Jupiter Wagons Ltd, via its energy arm JEM Energy, won a 41 MW/102.5 MWh standalone battery energy storage system project from Uttarakhand Power Corporation Ltd in partnership with Madhav Infra Projects Ltd. Additionally, the company received a formal Letter of Award from West Bengal State Electricity Distribution Company Ltd for a 50 MW/200 MWh standalone BESS project at the Jeerat 132 kV substation.
Jupiter Wagons targets building a BESS order book of about Rs 1,000 crore by FY27. Managing Director Vivek Lohia stated that as the business scales, Jupiter Electric Mobility is expected to turn EBITDA positive in Q3 FY27 and become profitable by FY28.
The company's developments follow the Union Cabinet’s approval of Phase-III of the Green Energy Corridor, which provides for 50 GWh of battery energy storage alongside stronger intra-state transmission networks. Substation-level storage is central to this framework, aligning with JEM Energy's utility-scale portfolio expansion.
