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Jupiter Wagons’ arm signs MoUs with Chalukya Power and Pickrenew Energy

25 May 2026 Evaluate

Jupiter Wagons’ subsidiary-- Jupiter Electric Mobility (JEM Energy) has signed formal Memorandum of Understandings (MoUs) with Chalukya Power and Pickrenew Energy, two of India's marquee renewable energy developers. The agreements add 110 MWh of Battery Energy Storage System (BESS) business, comprising a mix of Utility-scale and Commercial and Industrial (C&I) deployments, to JEM Energy's orderbook for FY 2026-27.  

With these additions, JEM Energy's current BESS orderbook stands at Rs 150+ crore, inclusive of engagements with private renewable energy developers and select Public Sector Undertaking (PSU) clientslike Power Grid. The company is targeting Rs 200 crore in combined orderbook in the Battery and BESS segment within FY 2026-27, reflecting strong and accelerating commercial momentum across both private and institutional segments.

The MoUs with Chalukya Power and Pickrenew Energy represent a significant step in JEM Energy's strategy to establish itself as a leading indigenous BESS solutions provider in India. The agreements span Utility-scale projects supporting grid stability and renewable energy integration, as well as C&I deployments serving industrial consumers seeking reliable, cost-efficient energy management. Together, they reflect the growing confidence of India's leading developers in JEM Energy's technical capabilities, project execution track record, and ability to deliver integrated energy storage solutions at scale. 

Jupiter Wagons is engaged in the business of manufacturing vehicle bodies for the commercial vehicles industry for Original Equipment Manufacturers (OEMs) engaged in the production of Fully Built Vehicles (FBVs).  


Jupiter Wagons Share Price

279.90 -0.20 (-0.07%)
04-Jun-2026 16:59 View Price Chart
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