Jupiter Wagons, RailTel Shares Jump Upto 11% On Major Order Wins

Shares of railway-linked companies Jupiter Wagons and RailTel Corporation of India were buzzing in trade on August 21, rallying as much as 11% after both firms announced significant order wins that bolstering investor sentiment.

While shares of Jupiter Wagons skyrocketed 11%, those of RailTel gained 4%.

RailTel bagged contracts worth more than ₹50 crore, split across two major projects. The first, valued at ₹34.99 crore, comes from the Kerala State Information Technology Mission and involves providing operations and maintenance support for the State Data Centres over the next five years.

The second, worth ₹15.42 crore, has been awarded by the Higher Education Department of Odisha for the design and development of CMS-based bilingual websites for colleges across the state. The projects build on RailTel’s strength as one of India’s largest neutral telecom infrastructure providers, with an extensive fibre optic network spanning over 62,000 kilometres along railway tracks, supplemented by a 21,000-kilometre citywide network. The fresh order wins adds on to RailTel’s role in developing digital infrastructure beyond traditional rail-based connectivity.

Jupiter Wagons also gave investors reason to cheer. Its subsidiary, Jupiter Tatravagonka Railwheel Factory, received a Letter of Intent (LoI)to supply 5,376 wheelsets for the Vande Bharat trains, in a deal valued at ₹215 crore. The order highlights Jupiter’s rising presence in India’s high-speed rail programme, while also aligning with the government’s push to strengthen domestic rail manufacturing capabilities.

Beyond the order book, Jupiter Wagons is also diversifying aggressively to benefit from the government’s ‘Make In India’ push.  The company recently launched its first electric vehicle and plans to introduce two more by the end of FY26.

Managing Director Vivek Lohia said the firm is simultaneously expanding its dealership footprint, with 8–10 new outlets expected in the coming months. Its ongoing ₹2,500 crore capex plan includes projects with export potential to the European Union. Meanwhile,  the company’s Aurangabad wheel facility is projected to generate ₹600 crore in revenue this year, with the figure expected to more than triple to ₹2,000 crore next year.