Business Update25 May 2026, 12:08 pm
Jupiter Wagons' JEM Energy Eyes ₹200 Cr Target with BESS MoUs
AI Summary
Jupiter Electric Mobility Pvt. Ltd. (JEM), a subsidiary of Jupiter Wagons Limited (JWL), has signed MoUs with Chalukya Power and Pickrenew Energy for 110 MWh of Battery Energy Storage System (BESS) business. This addition brings JEM Energy's current BESS orderbook to over ₹150 Crore, targeting ₹200 Crore in FY 2026-27. JEM Energy aims for ₹500+ Crore revenue in the battery and BESS vertical by FY 2027-28 and ₹1,000 Crore by FY 2029-30.
Key Highlights
- JEM Energy secures BESS MoUs with Chalukya Power and Pickrenew Energy.
- The agreements add 110 MWh of BESS business to JEM Energy's orderbook.
- JEM Energy targets ₹200 Crore orderbook in the Battery and BESS segment by FY27.
- The company aims for ₹500+ Crore revenue in the BESS vertical by FY28.
- JEM Energy targets ₹1,000 Crore revenue in the BESS vertical by FY30.
Price Impact
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