Lucchini RS and Jupiter Waggons Create a Strategic India-Italy Railway Partnership

News Desk, News Nation 360: In order to build India's first fully integrated private-sector railwheel manufacturing platform, Jupiter Waggons Limited (JWL) has formed a historic strategic cooperation with Italian railway manufacturer Lucchini RS Holding S.p.A. and Italian government financial institution SIMEST S.p.A. For a total consideration of about €28 million, Lucchini RS will purchase a 15% equity stake in Jupiter Tatravagonka Railwheel Factory Private Limited (JTRWF), and SIMEST will purchase a 10% stake. The project incorporates JTRWF's operating machining and assembly plant in Chhatrapati and is overseen by the Italian Ministry of Foreign Affairs and supported by the Italian Government's Sistema Italia framework. In Odisha, Sambhajinagar has a brand-new greenfield manufacturing facility with primary metallurgy and forging capabilities. The technology-transfer agreement will provide end-to-end local manufacturing of railway wheels, axles, and wheelsets for Indian Railways and international export supply chains, according to Lucchini RS Chairman Giuseppe Lucchini and JWL Managing Director Vivek Lohia, who highlighted the transaction.

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