Jupiter Tatravagonka Secures Land for India's First Forged Railwheel & Axle Manufacturing Plant in Odisha

Jupiter Tatravagonka Railwheel Factory Pvt. Ltd. (JTRF), a subsidiary of Jupiter Wagons Limited, has successfully secured land in Haldiapada, Khordha, Odisha, for its upcoming Railwheel & Axle forging plant. This marks a major milestone in the company's expansion plans, reinforcing Odisha's position as a strategic hub for high-tech industrial manufacturing. Notably, JTRF is the first railway heavy engineering industry in Odisha in the private sector.

Jupiter Tatravagonka plans to invest INR 2,500 crore in phases over the next few years to develop this state-of-the-art facility. The plant is expected to produce 100,000 forged wheelsets annually and will cater to both domestic and international markets, with nearly 50% of production earmarked for exports, primarily to Tatravagonka A.S., a leading Slovakian rail infrastructure company, and other European firms.

The successful land acquisition was facilitated by the proactive support of the Government of Odisha, under the leadership of Hon'ble Chief Minister Shri Mohan Charan Majhi and Hon'ble Minister of Industries and Skill & Technical Education, Shri Sampada Chandra Swain. Their commitment to fostering industrial growth has been instrumental in advancing this project, aligning with Odisha's vision of becoming India's premier high-tech manufacturing hub.

This project is being implemented via the "Invest Odisha" program under the umbrella of Invest India. The land parcel has been obtained from the IDCO land bank, with statutory MOEF clearances and a clear, undisputable title. The Khordha industrial zone, just 30 km from the airport, has been specially developed by IDCO to attract top-tier MNC projects.

On this occasion, Mr. Vivek Lohia, Managing Director, Jupiter Group stated " The acquisition of land in Odisha marks a significant milestone in our commitment to strengthening India's self-reliance in rail manufacturing. This facility is a testament to the 'Make in India' and 'Atmanirbhar Bharat' initiatives, ensuring that India not only meets its domestic railway needs but also emerges as a leading exporter of high-quality railwheel and axle components. With the strong support of the Government of Odisha, we are confident that this project will drive industrial growth, generate employment, and cement India's position as a global hub for rail infrastructure."

With operations expected to commence by 2027, the Odisha plant will play a crucial role in strengthening India's railway manufacturing capabilities while supporting the 'Make in India' and 'Atmanirbhar Bharat' initiatives. The facility is expected to create thousands of direct and indirect jobs, driving economic growth in the region.

The plant will be equipped with cutting-edge technology to support higher-speed and high-load efficiency railway operations. By producing critical railway components domestically, Jupiter Tatravagonka will significantly reduce import dependency while expanding its global trade footprint through exports to Europe.

Odisha's business-friendly policies, including the Industrial Policy Resolution (IPR) and global outreach programs like the All India Business Meets, have made the state an attractive destination for major industrial investments.

This latest investment underscores Odisha's rapid industrial transformation and reaffirms Jupiter Tatravagonka's commitment to building world-class railway infrastructure in India.

Shares of Commercial Engineers & Body Builders Co Limited was last trading in BSE at Rs. 371.10 as compared to the previous close of Rs. 371.50. The total number of shares traded during the day was 135118 in over 2058 trades.

The stock hit an intraday high of Rs. 373.75 and intraday low of 360.80. The net turnover during the day was Rs. 49674812.00.

Source : Equity Bulls

Keywords

JupiterWagons INE209L01016 JupiterTatravagonkaRailwheelFactory LandAcquisition Odisha