Key Development

Jupiter Wagons Limited (JWL) has been declared the successful bidder for two standalone Battery Energy Storage System (BESS) projects with a combined capacity of 100 MW/400 MWh. The projects were awarded by West Bengal State Electricity Distribution Company Ltd (WBSEDCL) through e-reverse auctions conducted under a Tariff-Based Competitive Bidding (TBCB) process.

Project Details

  • Location: Jeerat and Kharagpur, West Bengal
  • Capacity: 100 MW/400 MWh combined
  • Execution Entity: Projects will be executed and operated through JEM Energy, a subsidiary of Jupiter Wagons Limited
  • Contract Model: 15-year Build-Own-Operate (BOO) model with WBSEDCL
  • Project Value: Approximately ₹400 crore

Financial Impact and Order Book

  • The win increases JEM Energy's BESS order book to approximately 500 MWh
  • Current order book value: Over ₹500 crore (includes Commercial & Industrial segments)
  • Future Target: Targeting BESS order book of approximately ₹1,000 crore by FY27

Strategic Significance

The development strengthens JWL's presence in the energy transition ecosystem and supports the company's strategy of expanding into high-growth businesses beyond its traditional railway and mobility operations. For JEM Energy, the projects create a stronger platform for pursuing further utility-scale and Commercial & Industrial (C&I) opportunities across India.

Management Commentary

Mr. Vivek Lohia, Managing Director of Jupiter Wagons Limited, stated: "The successful bids for 100 MW/400 MWh of standalone BESS capacity in West Bengal mark an important milestone for Jupiter Wagons and JEM Energy as we build a scalable energy storage business. These projects add meaningful scale to our BESS order book and reinforce our confidence in the long-term opportunity for energy storage in India. As India moves towards a renewable-led power system, we remain committed to developing reliable, technology-driven and scalable energy storage solutions."

Filing Details

  • Filed by: Ritesh Kumar Singh, Company Secretary and Compliance Officer
  • Filing Date: August 10, 2026
  • Time: 17:11:20 +05:30
  • Addressed to: BSE Limited and National Stock Exchange of India Limited