Skipper Limited wins New order of Rs. 924 crores

Skipper Limited (BSE Scrip Code: 538562) and (NSE Symbol: SKIPPER), is one of the world's leading manufacturers for Power Transmission & Distribution structures and a prominent manufacturer of Telecom structure's and Polymer Pipes products. The company in an announcement has shared its recent accomplishment of securing new order wins /notification of awards (NOA) of Rs. 924 crores as below:

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

Commenting on the release Mr. Sharan Bansal, Director Skipper Limited said "We are pleased with the new order inflows of Rs. 924 crores from PGCIL and other customers, the consistent order inflows in the T&D business have led to a total order in-flow YTD of Rs. 2,727 crores, 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."

Shares of Skipper Limited was last trading in BSE at Rs. 234.35 as compared to the previous close of Rs. 234.95. The total number of shares traded during the day was 64528 in over 1630 trades.

The stock hit an intraday high of Rs. 252.30 and intraday low of 230.80. The net turnover during the day was Rs. 15625475.00.

Source : Equity Bulls

Keywords

Skipper INE439E01022 OrderWin