Kolkata-headquartered Jupiter Group along with its international partners, announced the acquisition of over 60 per cent stake in Madhya Pradesh based company Commercial Engineers and Body Builders Co Ltd (CEBBCO).
The Group is promoted by the Lohia family, which manufactures freight wagons, railway components and railway equipment at its completely integrated, state of the art facility in West Bengal.
CEBBCO is a leading designer and manufacturer of automobile and locomotive bodies with experience of over 40 years in Jabalpur. Talking about the acquisition, Vivek Lohia told The Pioneer, “CEBBCO has facilities for manufacturing of railway freight wagons and components for coaches and locomotives and also does heavy fabrication.”
Elaborating further he said, “CEBBCO has a wide portfolio of products and caters to prestigious customers such as Tata Motors, Volvo Eicher, Mahindra MAN Trucks, Ashok Leyland, Asia Motor Works, Ministry of Defence (Indian Army), Indian Railways, Reliance Industries Ltd., BHEL and L&T Power among others.”
CEBBCO has five facilities in Madhya Pradesh. Its major facility for Commercial Vehicles and Power is located at Mandla near Jabalpur. It has two workshops for Commercial Vehicles in Richai near Jabalpur. The large facility which accommodates the Railway Engineering Division is located at Deori near Jabalpur.
Additional facilities for Commercial Vehicles are located in proximity to customers such as Pithampur near Indore to serve Volvo Eicher and at Jamshedpur in Jharkhand to serve Tata Motors. All facilities are centrally located and can serve customers in all parts of the country. Further, these facilities are strategically located closer to the suppliers of steel in Orissa and Jharkhand.