Jupiter Wagons, Italy's Lucchini RS partner to build railwheel mfg platform in India

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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.