Jupiter Wagons incorporates energy subsidiary Jupiter Green Power Solutions
- Mergers & acquisitions
- Railway wagons and energy
Reviewed byRachit TripathiBlacklitt Research
Jupiter Wagons (NSE: JWL) has incorporated Jupiter Green Power Solutions Private Limited, an energy and power subsidiary in which it holds 99%, it said in a filing on 03 Nov 2026. The subsidiary was incorporated on 3 Nov 2026 with an initial paid-up share capital of ₹1 lakh.
The subsidiary in detail
Jupiter Wagons Limited has incorporated Jupiter Green Power Solutions Private Limited, referred to as JGPSPL, and classifies its industry as energy and power sector. The date of incorporation is 3 Nov 2026.
The company subscribed to 99% of the initial paid-up share capital of JGPSPL in cash, at a face value of ₹10 per share. The authorised share capital is ₹15 lakh and the paid-up share capital is ₹1 lakh.
How it fits the company
Jupiter Wagons' latest quarter, Q1 FY27 on a consolidated basis, reported total income of ₹679.88 crore, up 42.8% year on year, and net profit of ₹26.19 crore, down 15.7%. The capital put into JGPSPL is small against that scale, and the filing does not link the subsidiary to the company's existing business.
What the subsidiary means for Jupiter Wagons' shareholders
The capital put in by the company is nominal: ₹1 lakh of paid-up share capital for a 99% stake. The subsidiary does not yet have operations, so it has no turnover to report.
Not stated: the business the subsidiary will carry out beyond its energy and power classification, any funding beyond the initial capital, when operations will start, who holds the remaining 1%, and what effect it will have on the company's results.
At a glance
| Item | Detail |
|---|---|
| Subsidiary | Jupiter Green Power Solutions Private Limited (JGPSPL) |
| Incorporated | 3 Nov 2026 |
| Initial paid-up capital | ₹1 lakh |
| Authorised share capital | ₹15 lakh |
| Holding | 99% |
| Face value per share | ₹10 |
| Industry | Energy and power sector |
Filed with BSE on . Reference: Original filing (PDF)
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