Skipper’s engineering business wins order worth Rs 225 Cr
Skipper Limited, one of the leading manufacturers for power transmission & distribution structures and a prominent manufacturer of telecom and railway structures, announced that it has secured fresh new order of Rs 225 crores for several domestic and international T&D projects including telecom.
The company’s engineering business has secured export orders of Rs 125 crore for several T&D projects across Latin America, Middle East and South Asia markets. It also secured new order of Rs 100 crore from Power Grid Corporation of India Ltd (PGCIL), domestic SEBs and telecom companies.
“The company’s bidding pipeline are at its highest ever level of Rs 9,500 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,” an official issued by the company statement said.
Sharan Bansal, Director Skipper Limited said, “Our tender pipeline continues to stay strong. The company is actively pursuing projects worth of Rs 4,500 crore on international front and about Rs 5,000 crore on the domestic front, which are currently under different phases of bidding or negotiation. For majority of bids under submission, our scope is supply and we have tied up with several EPC players who are bidding for such projects, We expect to see a significant portion of those getting converted into the order book by coming quarters.”
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 rebound in the Polymer market segment give us good visibility and confidence of achieving the desired growth and deliver up to your expectations.”