Jupiter Wagons Wins ₹100 Cr BESS Project, Secures 50 MW Jeerat Project

Jupiter Wagons Limited (JWL), through its energy arm JEM Energy, has secured a 41 MW/102.5 MWh Battery Energy Storage System (BESS) project from Uttarakhand Power Corporation Limited (UPCL) in partnership with Madhav Infra Projects Limited. The project is valued at approximately INR 100 crore. Additionally, JWL has received a Letter of Award for a 50 MW/200 MWh BESS project at Jeerat, West Bengal, from West Bengal State Electricity Distribution Company Limited (WBSEDCL). These wins align with the company's strategy to expand into high-growth energy storage businesses and reiterate its target of a ₹1,000 crore BESS order book by FY27. JEM Energy expects to turn EBITDA positive in Q3 FY27 and profitable by FY28.