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Skipper shares rallies ~5% post order win of ₹924cr

Nov 2, 2023

By: BlinkX Research Team

Skipper Limited shares rallied to ~5% during Thursday trade after the company wins power transmission order of ₹924cr.

Skipper is a leading manufacturer for Power Transmission & Distribution structures and a prominent manufacturer of Telecom structures and Polymer Pipes products. 

The company secures order for different projects:

• Orders in the Domestic T&D business of ₹788cr from Power Grid Corporation of India Ltd (PGCIL) 
• Orders worth of ₹136cr for several other Domestic T&D projects including Telecom.

Commenting on the release, Sharan Bansal, Director Skipper Limited said, “We are pleased with the new order inflows of ₹924cr from PGCIL and other customers, the consistent order inflows in the T&D business have led to a total order in-flow YTD of ₹2,727cr, registering an impressive ~220% growth over last year till date.”

He further added, “Going forward, the marketplace looks exciting and ripe with opportunities. We are well positioned to capture these opportunities and deliver continuous growth and value creation. A strong Engineering order book and a robust Bidding Pipeline in excess of Rs. 10,000 crores give us good visibility and confidence of achieving the desired growth and deliver up to your expectations.”

At around 11:04 AM, Skipper was trading at ₹242.05 per share higher by 3.02% on the BSE.