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Jupiter Wagons Secures Rs 100 Crore Order in Uttarakhand
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CNBC Awaaz•05-10-2026, 15:34
Jupiter Wagons Secures Rs 100 Crore Order in Uttarakhand
- •Jupiter Wagons Limited's energy business unit, JEM Energy, has secured a 41 MW/102.5 MWh standalone Battery Energy Storage System project in Uttarakhand.
- •The project is awarded by Uttarakhand Power Corporation Limited in partnership with Madhav Infra Projects Limited for approximately Rs 100 crore.
- •The company also received a formal Letter of Award from West Bengal State Electricity Distribution Company Limited for another BESS project.
- •Jupiter Wagons aims to build a BESS order book of approximately Rs 1,000 crore by the financial year 2027.
Key Questions Answered
Jupiter Wagons Limited's energy business unit, JEM Energy, secured a 41 MW/102.5 MWh standalone Battery Energy Storage System project worth approximately ₹100 crore in Uttarakhand.
Jupiter Wagons has reiterated its target of building a Battery Energy Storage System order book of approximately ₹1,000 crore by FY27.
Jupiter Wagons expects its energy mobility unit, JEM, to turn EBITDA positive in Q3 FY27 and achieve profitability by FY28.
