Jupiter Wagons acquires Bonatrans India for Rs 271 crore
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With this, JWL has become the first rolling stock manufacturing company to have its own wheel plant, the company said in a statement on Wednesday. BIPL, based in Aurangabad, Maharashtra, manufactures rolling stock wheels.
New Delhi. Jupiter Wagons Limited (JWL) has announced the acquisition of Bonatrans India Private Limited (BIPL) for Rs 271 crore. With this, JWL has become the first rolling stock manufacturing company to have its own wheel plant, the company said in a statement on Wednesday. BIPL, based in Aurangabad, Maharashtra, manufactures rolling stock wheels.
Vivek Lohia, Managing Director, Jupital Wagons, said, “This strategic move not only strengthens our position as a leading innovative company in integrated mobility solutions but also propels us towards becoming a comprehensive rolling stock manufacturer.” The company said that under the ‘Make in India’ initiative, JWL is also committed to invest an additional Rs 1,000 crore in the next two years.
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