Titagarh, Jupiter, Texmaco gain up to 9% on mega rail tender buzz; JWL bags green energy deals

Shares of major Indian railway wagon manufacturers, including Titagarh Rail Systems , Jupiter Wagons Limited (JWL) , and Texmaco Rail & Engineering , rose up to 8.5% in trading today. The rally is primarily driven by market reports of a massive procurement plan by Indian Railways, combined with fresh company-specific order wins and diversification announcements.

₹40,000 crore mega-tender buzz

According to industry reports, Indian Railways is structuring a mega-tender to procure 1 lakh (100,000) wagons, estimated to be valued at approximately ₹40,000 crore. The potential order provides critical, long-term order book visibility for the sector. Industry analysts had previously noted that wagon manufacturers needed fresh pipelines to keep their plant capacities fully utilized beyond the current fiscal year; a contract of this scale is expected to sustain high capacity utilisation for several years.

Jupiter Wagons enters green energy segment

Adding to the sector’s momentum, Jupiter Wagons announced a strategic diversification into the clean energy sector. In a regulatory filing on Monday, its subsidiary, Jupiter Electric Mobility Pvt. Ltd. (JEM Energy), announced the signing of formal memorandums of understanding (MoUs) with renewable energy developers Chalukya Power and Pickrenew Energy.

The agreements add 110 MWh of Battery Energy Storage System (BESS) business to JEM Energy's order book for FY 2026-27. With these additions, the company's current BESS order book stands at over ₹150 crore. The company is targeting a combined order book of ₹200 crore in the battery and BESS segment for FY 2026-27, aiming to scale revenues to over ₹500 crore by FY 2027-28 and an aspirational ₹1,000 crore by FY 2029-30.

"The MoUs signed with Chalukya Power and Pickrenew Energy are a strong endorsement of JEM Energy's growing stature in India's energy storage sector," said Vivek Lohia, managing director of Jupiter Wagons Limited.

Kartik Hajela, CEO of JEM Energy, added, "Our current orderbook of INR 150+ Crore, with a clear path to INR 200 Crore this year, gives us strong revenue visibility and operational momentum."

Texmaco Rail bags private order

Separately, Texmaco Rail & Engineering disclosed over the weekend that it has secured a domestic commercial contract. The company received a Letter of Award from Vedanta Aluminium Metal Limited for the supply of one rake of BTAP Alumina transportation wagons and one brake van (guard vehicle).

The domestic order is valued at ₹28.58 crore, inclusive of taxes, and is scheduled to be executed within six months from the date of the notice to proceed (NTP).