Jupiter Wagons and Lucchini RS Partner to Build Railwheel Manufacturing Platform in India

Key facts

• Jupiter Wagons Limited and Italy's Lucchini RS Holding S.p.A. have partnered to establish India's first fully integrated private-sector railwheel manufacturing platform.
• Under the partnership, Lucchini RS and Italian government-backed financial institution SIMEST S.p.A. will acquire a combined 25 per cent stake in Jupiter Tatravagonka Railwheel Factory Pvt Ltd (JTRWF) for approximately €28 million (around ₹307 crore).
• Lucchini RS will acquire a 15 per cent stake, while SIMEST will acquire a 10 per cent stake in JTRWF under the binding agreements.
• The investment is backed by the Government of Italy under the Sistema Italia framework.
• The partnership will create an end-to-end manufacturing platform for railway wheels, axles and wheelsets, covering the complete value chain from raw material processing to finished products.
• JTRWF currently operates a machining and wheelset assembly facility in Chhatrapati Sambhajinagar and is developing a greenfield manufacturing complex in Odisha.
• Once operational, the Odisha facility will become India's first fully integrated private-sector railwheel manufacturing platform.