Jupiter Electric Mobility, a subsidiary of Jupiter Wagons (JWL), in partnership with Log9 Materials - a leading Indian company in deep tech innovation and energy storage technologies, announced a key milestone in the development and certification of its Lithium-Ion Phosphate (LFP) battery technology, enhancing the efficiency and sustainability of rail transport in India. Key Achievements: 1. RDSO Certification for Non-AC Coaches: Successful completion of a six-month trial of its 11.2 kWh LFP battery pack for rail coaches, making Jupiter the first company to receive certification from the Research Designs and Standards Organisation (RDSO). This marks a significant achievement in the advancement of battery technology for Indian Railways. 2. Contract Awarded by Siemens: Awarded a purchase order by Siemens for the supply of 36 auxiliary batteries, each with a capacity of 72.8 kWh, for 9 Vande Bharat Trainsets. This order underscores the trust and reliability that Siemens places in these advanced battery solutions. Additionally, the 72.8 kWh LFP battery pack has received RDSO approval, further validating its performance and safety.3. Technical Qualification by BHEL: The 72.8 kWh LFP battery pack has been technically qualified by BHEL for use in Vande Bharat Trainsets. This qualification by BHEL, a major player in the railway sector, demonstrates the robustness and technical excellence of Jupiter`s battery solutions.The company added, These milestones reflect our commitment to supporting the modernization and electrification of Indian Railways, contributing to a greener and more efficient transportation network. Our LFP battery technology offers superior performance, safety, and longevity, making it an ideal choice for a wide range of railway applications.Powered by Capital Market - Live News

Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons, received the approval from The Automotive Research Association of India (ARAI) on 29 May 29 2024. This certification ensures compliance with the Central Motor Vehicles Rules, marking a significant milestone for JEM, as it prepares to commence the commercial production of its innovative Battery Operated Light Commercial Vehicles under the brand name JEM TEZ. JEM is set to revolutionize the market by becoming the first, to launch a 1-ton commercial electric vehicle (EV). The JEM TEZ is designed for optimal performance and efficiency, featuring cutting-edge fast charging technology that can charge the vehicle from 0% to 100% in approximately 20 minutes at combined charging stations, which is the fastest charging time in the industry. Additionally, the onboard charger allows the vehicle to be fully charged in less than 2 hours. The JEM TEZ boasts a certified range of 127 kilometers, making it an ideal solution for various commercial applications. In addition to the vehicle`s impressive technical specifications, JEM TEZ comes equipped with Telematics to monitor the health and performance of all its EVs. This will enable real-time diagnosis, maintenance and support, ensuring that any issues can be swiftly addressed, thereby enhancing the reliability and efficiency of the JEM TEZ fleet. Powered by Capital Market - Live News

Jupiter Wagons will hold a meeting of the Board of Directors of the Company on 19 May 2024Powered by Capital Market - Live News

Jupiter Wagons announced that the Board of Directors of the Company at its meeting held on 7 May 2024, inter alia, have recommended the final dividend of Rs 0.3 per equity Share (i.e. 3%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Jupiter Wagons rose 168.25% to Rs 105.18 crore in the quarter ended March 2024 as against Rs 39.21 crore during the previous quarter ended March 2023. Sales rose 56.72% to Rs 1115.41 crore in the quarter ended March 2024 as against Rs 711.70 crore during the previous quarter ended March 2023.For the full year,net profit rose 174.49% to Rs 331.56 crore in the year ended March 2024 as against Rs 120.79 crore during the previous year ended March 2023. Sales rose 76.17% to Rs 3643.73 crore in the year ended March 2024 as against Rs 2068.25 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1115.41711.70 57 3643.732068.25 76 OPM %13.0712.85 -13.3512.05 - PBDT146.5983.76 75 470.07225.47 108 PBT138.9677.56 79 441.91200.49 120 NP105.1839.21 168 331.56120.79 174 Powered by Capital Market - Live News