Jupiter Wagons zooms as its arm signs MoUs with Chalukya Power and Pickrenew Energy
Jupiter Wagons is currently trading at Rs. 294.15, up by 17.15 points or 6.19% from its previous closing of Rs. 277.00 on the BSE.
The scrip opened at Rs. 279.20 and has touched a high and low of Rs. 303.90 and Rs. 279.20 respectively. So far 642110 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 419.20 on 28-May-2025 and a 52 week low of Rs. 236.60 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 308.50 and Rs. 262.20 respectively. The current market cap of the company is Rs. 12539.05 crore.
The promoters holding in the company stood at 68.31%, while Institutions and Non-Institutions held 4.97% and 26.71% respectively.
Jupiter Wagons’ subsidiary-- Jupiter Electric Mobility (JEM Energy) has signed formal Memorandum of Understandings (MoUs) with Chalukya Power and Pickrenew Energy, two of India's marquee renewable energy developers. The agreements add 110 MWh of Battery Energy Storage System (BESS) business, comprising a mix of Utility-scale and Commercial and Industrial (C&I) deployments, to JEM Energy's orderbook for FY 2026-27.
With these additions, JEM Energy's current BESS orderbook stands at Rs 150+ crore, inclusive of engagements with private renewable energy developers and select Public Sector Undertaking (PSU) clientslike Power Grid. The company is targeting Rs 200 crore in combined orderbook in the Battery and BESS segment within FY 2026-27, reflecting strong and accelerating commercial momentum across both private and institutional segments.
The MoUs with Chalukya Power and Pickrenew Energy represent a significant step in JEM Energy's strategy to establish itself as a leading indigenous BESS solutions provider in India. The agreements span Utility-scale projects supporting grid stability and renewable energy integration, as well as C&I deployments serving industrial consumers seeking reliable, cost-efficient energy management. Together, they reflect the growing confidence of India's leading developers in JEM Energy's technical capabilities, project execution track record, and ability to deliver integrated energy storage solutions at scale.
