Skipper wins orders worth Rs 588 crore from domestic & international market; Stock zooms 5%

Skipper Limited has informed to the exchanges regarding securing new order wins of 588 crore.

According to the regulatory filing, the order includes Domestic T&D business of Rs 468 crores from PGCIL and other customers followed by the orders in the International T&D business of Rs 120 crore.

On Monday morning trade, shares of Skipper zoomed over 5% at Rs 238.30 per share on the BSE platform. 

Commenting on the release Sharan Bansal, Director Skipper Limited said, “The consistent order inflows in the T&D business have led to a total order in-flow of YTD Rs 1803 crore, registering an impressive 200% growth over last year till date. We expect the momentum to continue in T&D ordering in both Domestic and International markets with some more wins in the new future.”