Jupiter Wagons bids for ₹20,000 crore rail tender
market hours1 source ↓written by the desknot a recommendation
- suburban rail tender
- ₹20,000 crore
- aiming to procure
- 2,800 coaches
- in a new
- ₹1,000 crore
Jupiter Wagons Ltd plans to bid for a ₹20,000 crore suburban rail tender from Mumbai Rail Vikas Corporation, aiming to procure 2,800 coaches. To support this, the company will invest ₹1,000 crore in a new passenger coach manufacturing facility. This move marks a strategic shift into passenger transport, aligning with India's mass transit expansion goals.
Not investment advice. For informational purposes only.