Leading manufacturer of railway wagons, wagon components and castings, Jupiter Wagons Limited on Thursday (April 3) said its subsidiary Jupiter Tatravagonka Railwheel Factory Private Ltd (JTRF) has acquired land in Haldiapada, Khordha, Odisha, for setting up India’s first private-sector Railwheel and axle forging plant.
This marks a key milestone in the company’s expansion, strengthening Odisha’s role as a hub for high-tech industrial manufacturing. The facility will be the first railway heavy engineering industry in Odisha under private ownership.
Jupiter Tatravagonka plans to invest ₹2,500 crore in phases over the next few years to develop this state-of-the-art facility. The plant is expected to produce 100,000 forged wheelsets annually and will cater to both domestic and international markets, with nearly 50% of production earmarked for
exports, primarily to Tatravagonka A.S., a leading Slovakian rail infrastructure company, and other European firms.
This project is being implemented via the "Invest Odisha" program under the umbrella of Invest India. The land parcel has been obtained from the IDCO land bank, with statutory MOEF clearances and a clear, undisputable title. The Khordha industrial zone, just 30 km from the airport, has been specially
developed by IDCO to attract top-tier MNC projects.
With operations expected to commence by 2027, the Odisha plant will play a crucial role in strengthening India’s railway manufacturing capabilities while supporting the ‘Make in India’ and 'Atmanirbhar Bharat’ initiatives. The facility is expected to create thousands of direct and indirect jobs, driving economic growth in the region.
The plant will be equipped with cutting-edge technology to support higher-speed and high-load efficiency railway operations. By producing critical railway components domestically, Jupiter Tatravagonka will significantly reduce import dependency while expanding its global trade footprint through exports to Europe.
Shares of Jupiter Wagons Ltd ended at ₹376.45, up by ₹5.35, or 1.44%, on the BSE.