Jupiter Wagons, Titagarh Rail Systems secure fresh orders from Indian Railways; here’s how railway stocks reacted
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Shares of Jupiter Wagons and Titagarh Rail Systems were in focus on Thursday after both companies announced fresh business from the Ministry of Railways. While Jupiter Wagons secured a new ₹1,140-crore order, Titagarh Rail Systems received an additional order under an existing contract, taking its total amended contract value to ₹10,404.10 crore.
Jupiter Wagons shares surged as much as 9.2% to an intraday high of ₹198.10 on the BSE. At the time of reporting, the railway stock was trading 4.33% higher at ₹189.25, giving the company a market capitalisation of around ₹8,080 crore.
In contrast, Titagarh Rail Systems shares fell 3.61% to ₹667.40. The stock opened at ₹710.05 and touched an intraday high of ₹714.75 during the session. Its market capitalisation stood at around ₹9,002 crore at the time of reporting.
Jupiter Wagons bags ₹1,140-crore order
In an exchange filing, Jupiter Wagons said it has received an order from the Railway Board for the manufacture and supply of 2,583 wagons, comprising BOXNHL and BOXNS types. The order is valued at ₹1,140 crore, inclusive of taxes.
The company said its private-sector order book also remained strong, supported by demand from private freight operators, wagon leasing companies and customers in core industries. The combination of government and private-sector demand provides a diversified order pipeline.
Jupiter Wagons expects incremental order inflows of approximately ₹2,000 crore in the fourth quarter of FY27, adding to its business visibility.
“The sector’s near-term demand outlook is further strengthened by the Ministry of Railways’ recently released tender for the procurement of 5,800 BOBRN wagons,” the company said.
Commenting on the order, Vivek Lohia, Managing Director of Jupiter Wagons, said the award reflected Indian Railways’ continued confidence in the company’s ability to execute its procurement programme.
“Indian Railways is adding freight capacity at a scale and pace this country has not seen before, and this order reflects the Ministry’s continued confidence in our ability to deliver,” Lohia said.
He highlighted the company’s backward integration across the wagon value chain, covering castings, bogies, couplers and brake systems. Jupiter Wagons is also extending this integration to wheelsets through its facility in Odisha.
According to Lohia, this integration gives the company greater control over costs, quality and delivery timelines. He reiterated the company’s expectation of around ₹2,000 crore in incremental order inflows in Q4 FY27.
Titagarh Rail Systems gets additional ₹1,717-crore order
Separately, Titagarh Rail Systems received an amendment to its existing contract with the Ministry of Railways for the manufacture and supply of an additional 4,955 BOXNHL wagons.
The additional order is valued at ₹1,716.90 crore, excluding GST, and has been placed under the option clause of the original contract on the same prices, terms and conditions.
With the additional quantity, the total number of wagons under the contract increases to 9,994, while the amended contract value rises to ₹10,404.10 crore, inclusive of GST.
The company is required to complete execution and delivery within 222 days from the date of the amendment letter, issued on October 28, 2026. The deadline for delivery is June 7, 2027.
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