Shares of Jupiter Wagons Ltd skyrocketed 10% and hit a 52-week high of Rs 398 on 7 March after the company announced securing an order worth Rs 957 crore.

In its regulatory filing, the company announced that it had received an order for manufacturing and supplying 2,237 BOSM Wagons from the Ministry of Railways for a total consideration of Rs 356.87 crore.

As of 31 December, the company’s total order book stands at over Rs 7,000 crore.

The company is planning to increase its wagon manufacturing capacity to 800 wagons per month by FY24 and 1,000 wagons per month in the next 18 months. They have brownfield expansion at the Kolkata foundry with a capacity of 2,500 million tonnes to 3,000 million tonnes and greenfield expansion at the Jabalpur plant with 2,000 million tonnes of foundry units.

In its quarterly report for October-December, the company reported a 82% year-on-year increase in consolidated net profit to Rs 81.46 crore during the quarter and its revenue from operation during the quarter stood at Rs 895 crore.

The company is based in West Bengal and manufactures all types of railway wagons and accessories, they also manufacture commercial vehicle load bodies, Containers, and commercial electric vehicles.

At 1:49 pm, the shares of Jupiter Wagons were trading 2.83% higher at Rs 372.30 on NSE.