JUPITER WAGONS : WINS BESS ORDERS WORTH RS 100 CR

• Jupiter Wagons' energy business JEM Energy wins 41 MW/102.5 MWh BESS project from Uttarakhand Power Corporation Limited (UPCL). • JV with Madhav Infra Projects Ltd; partnership was L1 bidder for Cluster C; project envisages supply and commissioning of approx. ₹100 Cr of BESS system. • JWL also received LoA from West Bengal State Electricity Distribution Company Ltd (WBSEDCL) for 50 MW/200 MWh BESS project at Jeerat. • MD Vivek Lohia reiterates target of building a BESS order book of approx. ₹1,000 Cr by FY27. • MD expects Jupiter Electric Mobility (JEM) to turn EBITDA positive in Q3 FY27 and profitable by FY28.

Jupiter Wagons Ltd

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