Skipper Ltd engineering business wins New order of Rs 225 crores

The company’s engineering business has secured export orders of Rs 125 crores for several T&D projects across Latin America, the Middle East, and South Asia markets.

Further, it has secured a new order of Rs 100 crores from Power Grid Corporation of India Ltd (PGCIL), Domestic SEB’s & Telecom Companies

The company bidding pipeline is at its highest ever level of Rs 9,500 crores plus and expects a substantial rise in the volume of international orders in the current fiscal. Management expects the International business share in the order book to rise to 75 percent in the next 2 years.

Commenting on the release Skipper Limited Director Sharan Bansal said, “Our Tender pipeline continues to stay strong, The company is actively pursuing projects worth Rs 4,500 crores on the international front and about Rs 5,000 crores on the domestic front, which are currently under different phases of bidding or negotiation.

"For the majority of bids under submission, our scope supplies, 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 in the 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”