Jupiter Wagons Ltd (JWL) has partnered with Italy-based Lucchini RS Holding SpA and SIMEST (Italian Society for Enterprises Abroad) SpA to set up India’s first fully integrated private-sector railwheel manufacturing platform, named Jupiter Tatravagonka Railwheel Factory Pvt Ltd (JTRWF).
Under this deal, Lucchini RS and SIMEST will acquire a combined 25% stake in JTRWF for an investment of ₹307 crore (EUR 28 million).