News Desk, News Nation 360 : A prominent supplier of all-inclusive mobility solutions for road, rail and marine transport, Jupiter Waggons Limited (JWL) is pleased to announce the purchase of Bonatrans India Private Limited (BIPL) for a total of Rs. 271 crore. By strategically positioning itself as the first rolling stock manufacturing company with its wheel plant, this move represents a major turning point for JWL. Over the next two years, JWL plans to invest an additional 1000 crores as part of the Made in India initiative. By making these investments, the plant will be able to produce more and move closer to complete backward integration. The ultimate objective is to serve the growing demands of the Indian railway industry, with hopes of turning it into an export hub by utilising JWL's current, highly regarded partners. Commenting on the occasion, Vivek Lohia, Managing Director of Jupiter Wagons said that they are excited to announce that Bonatrans India Private Ltd. has been acquired by Jupiter Waggons Limited as they set out on this revolutionary journey. This calculated action not only solidifies their standing as a cutting-edge pioneer in integrated mobility solutions but also advances them closer to becoming a full-service rolling stock producer. They are positioned to meet the changing needs of the Indian railway sector while making major advancements in the global market thanks to their dedication to excellence and the support of prestigious partners. Their steadfast commitment to efficiency, innovation, and customer satisfaction is demonstrated by this acquisition. Based in Aurangabad (Chhatrapati Sambhajinagar), Maharashtra, BIPL is a well-known producer of rolling stock wheelsets. With an annual production capacity of 10,000 axles and 20,000 wheels, the acquisition is expected to increase JWL's operational effectiveness and independence while lowering its reliance on imported wheels. JWL, BEML Ltd., Alstom Rail Transportation India Pvt. Ltd., Plasser India Pvt. Ltd., and Titagarh Rail Systems Ltd. are among the prestigious clients of BIPL. The knowledge and direction of respected advisors enabled this acquisition to be completed successfully. JWL received legal advice from Shardul Amarchand Mangaldas & Co., and Ernst & Young LLP made sure that all financial, tax, and ESG regulations were followed during the entire transaction.
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