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Jupiter Wagons, Italy’s Lucchini RS partner to build railwheel mfg platform in India
Jupiter Wagons has partnered with Italy’s Lucchini RS Holding to build an integrated railwheel manufacturing platform in India. Lucchini RS and SIMEST will acquire a combined 25% stake in Jupiter Tatravagonka Railwheel Factory for €28 million (Rs 307 crore), supporting local production of railway wheels, axles and wheelsets.