Published On:November 4 2023
Story Viewed 1241 Times

"Skipper Limited Secures New Order Worth Rs. 924 Crores"

Skipper Limited, a globally renowned manufacturer specializing in Power Transmission & Distribution structures, Telecom structures, and Polymer Pipes products, has recently announced its remarkable achievement in securing new orders totaling Rs. 924 crores.

The breakdown of these new orders is as follows:




  1. Orders amounting to Rs. 788 crores in the Domestic Power Transmission & Distribution (T&D) business, primarily from Power Grid Corporation of India Ltd (PGCIL).

  2. Additional orders valued at Rs. 136 crores for various Domestic T&D projects, including Telecom-related initiatives.



Mr. Sharan Bansal, Director of Skipper Limited, expressed his satisfaction with the significant new order inflows of Rs. 924 crores, which encompassed projects from PGCIL and other esteemed clients. He emphasized the consistent order inflow in the T&D sector, resulting in a year-to-date total order inflow of Rs. 2,727 crores. This remarkable achievement represents a remarkable growth rate of approximately 220% compared to the same period last year.

Mr. Bansal further underlined the exciting prospects and opportunities within the marketplace. He affirmed Skipper Limited's strong positioning to capitalize on these opportunities, facilitating continuous growth and value creation. With a robust Engineering order book and an extensive Bidding Pipeline exceeding Rs. 10,000 crores, the company maintains excellent visibility and is confident about achieving the desired growth while exceeding expectations.

Skipper Limited's recent order wins reflect the company's commitment to excellence and its capability to secure and execute significant projects in the Power Transmission & Distribution and Telecom sectors, further solidifying its position in the industry.

EQUITYBULLS





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