Shardul Amarchand Mangaldas & Co. advised Jupiter Wagons Limited (“JWL”) and its subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited (“JTRF”), on a strategic agreement for supply of manufacturing equipment, supervision and commissioning of production lines to produce and manufacture railway wheels and axles. The deal was closed on September 17, 2024 and represents a key milestone in the journey of JWL in the railway sector and will enable JTRF to expand and bolster its capabilities of manufacturing railway wheels and axles.
This was structured in such a manner so as to ensure that the supply of equipment (both onshore and offshore) along with the rendering of relevant services is undertaken in a smooth, hassle-free and efficient manner.
The deal also aligns with JWL’s strategy to support the ‘Make in India’ initiative, boosting India’s manufacturing and supply capabilities in the railway sector as once the production lines are completed and fully commissioned, it is expected that JTRF will be supplying the manufactured wheels and axles to marquee players of the railway sector in Europe as well as the Indian market.
The SAM & Co. team was led by Abhishek Guha, Partner; Deepto Roy, Partner; Pranav Nanda, Principal Associate; & Vaibhav Gwalani, Associate.
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