Jupiter Wagons emerges as a profitable bidder for Stone India

Jupiter Wagons Ltd. (JWL), a mobility options supplier, stated it had been introduced as a profitable decision applicant by the Committee of Collectors of Stone India Ltd., topic to needed approval of the decision plan by the adjudication authority. 

Stone India is a provider of railway brake techniques and different engineering merchandise for the Indian Railways.

“Stone India is a powerful and strategic match for Jupiter Wagons and the mix of the 2 firms will drive vital worth. The acquisition will end result within the enhancement of the general portfolio energy,” Vivek Lohia, managing director, JWL.

“Our latest success of getting listed on bourses and now buying Stone India is a direct reflection of strategic enterprise enlargement. This acquisition will permit us to speed up our improvement plans and allow us to excel within the choices for the Indian Railways,” he stated. 

By- The Hindu

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