Skipper wins new order of Rs225 crore; Stock gains 1.5%

6 Sep 2022 , 09:16 AM

Skipper Limited announced to the exchanges that it has secured fresh new order of Rs225 crore for several Domestic & International T&D projects including Telecom.

New Order Details

• The company’s engineering business has secured export orders of Rs125 crore for several T&D projects across Latin America, Middle East and South Asia markets 
• Secured New order of Rs100 crore from Power Grid Corporation of India Ltd (PGCIL), Domestic SEB’s & Telecom Companies

Strong Bidding Pipeline:

• The company bidding pipeline are at its highest ever level of Rs9,500 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

Commenting on the release Sharan Bansal, Director Skipper Limited said “Our Tender pipeline continues to stay strong, and the company is actively pursuing projects worth of Rs4,500 crore on international front and about Rs5,000 crore on the domestic front, which are currently under different phases of bidding. 

For majority of bids under submission, our scope is supply and we have tied up with several EPC players who are bidding for such similar projects. We expect to see a strong portion of those getting converted into the order book by next quarters.”

On Tuesday early morning trade, Skipper Ltd is currently trading at Rs74.90 per share up by Rs1.05 or 1.42% from its previous closing of Rs73.85 per share on the BSE.

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