New Delhi: Jupiter Tatravagonka Railwheel Factory (JTRWF), a subsidiary of Jupiter Wagons, on Wednesday said it has entered into a definitive long-term supply agreement with leading European rail wagon manufacturer Tatravagonka a.s. for rail wheels, axles, and wheelsets.
The company said the agreement is structured for 10 years, with commercial supplies expected to commence by the end of calendar year 2027.
Tatravagonka a.s., which manufactures and maintains freight wagons for customers across Europe and beyond, consumes approximately 20,000 to 30,000 wheelsets annually to sustain its operations.
"This agreement represents an important milestone not only for Jupiter Tatravagonka Railwheel Factory, but also for India's rail manufacturing ecosystem," Jupiter Wagons Managing Director Vivek Lohia said.
He further noted that through this agreement, India, which was a net importer of wheelsets, will now become a major exporter to the world.
According to the company's statement, JTRWF's greenfield Odisha plant will cater to this demand and has been purpose-built with design and engineering capabilities.
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With an estimated investment of Rs 3,000 crore, the facility is being designed with a planned annual production capacity of 100,000 wheelsets and will cater to both domestic and international demands, it said.
