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Skipper secures new orders worth Rs 300 cr

Skipper secures new orders worth Rs 300 cr

December 03, 2021 1:40 IST | capital market
Skipper has received new orders of Rs 300 crore for transmission and telecom towers from Power Grid Corporation of India and from various export markets.

New Order Details:

- The companys engineering business has secured Transmission tower export orders of Rs 185 crore for several T&D projects across Latin America, Middle East, West Asia and South Asia markets and Telecom towers from Latin America and Africa.

- Also Secured New order of Rs 115 crore of Transmission Towers from Power Grid Corporation of India (PGCIL) projects.

YTD order inflow & strong bidding pipeline:

- YTD order inflows in excess of Rs 1,300 crore, registering a staggering growth of ~ 160% over the last year same period.

- The company has a strong bidding pipeline of Rs 5,000 crore plus and expects a substantial rise in the volume of international orders in the current fiscal. Management expects the International business share in order book to rise to 75% in next 2 years.

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