Jupiter Wagons wins ₹100 crore BESS project in Uttarakhand, LoA for ₹200 crore project in WB
Jupiter Wagons Limited (JWL) won a 41 MW/102.5 MWh BESS project in Uttarakhand for ₹100 crore and received an LoA for a 50 MW/200 MWh BESS project in West Bengal. The company reiterates its target of a ₹1,000 crore BESS order book by FY27.
The acquisition of two substantial BESS projects and the clear financial targets for the energy business signify a major strategic expansion for Jupiter Wagons, impacting its future revenue streams and market position.
The company has won new significant projects and reiterated its order book target, indicating positive business growth and expansion into the energy sector.
Jupiter Wagons Limited (JWL), through its energy business JEM Energy, has secured a 41 MW/102.5 MWh standalone Battery Energy Storage System (BESS) project from Uttarakhand Power Corporation Limited (UPCL), in partnership with Madhav Infra Projects Limited. This project, secured under the Tariff-Based Competitive Bidding (TBCB) mechanism, is valued at approximately ₹100 crore.
Additionally, JWL has received a formal Letter of Award (LoA) from West Bengal State Electricity Distribution Company Limited (WBSEDCL) for a 50 MW/200 MWh standalone BESS project at the Jeerat 132 kV substation in West Bengal. This project was initially secured in August 2026.
These wins align with the Union Cabinet's approval of Green Energy Corridor Phase-III. Mr. Vivek Lohia, Managing Director of Jupiter Wagons Limited, stated, "We reiterate our target of building a BESS order book of approximately ₹1,000 crore by FY27. As the business scales, we expect Jupiter Electric Mobility (JEM) to turn EBITDA positive in Q3 FY27 and to turn profitable by FY28." The company aims to expand its presence in high-growth businesses beyond its traditional railway and mobility operations.
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Jupiter Wagons Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Jupiter Wagons Limited. Read the original for the full detail.