8 months ago
Skipper Aims to Expand Capacity by 60% by FY28
Skipper is a big company in India that makes towers for electricity.
They want to make 60% more towers by 2028.
Right now, they make 375,000 tonnes of towers every year, but they want to make 450,000 tonnes by then.
They also want to sell more towers to other countries, so that half of their money comes from exports.
They have three factories in Kolkata and might build a new one in Western India.
They are spending ₹400 crore to make this happen.
Right now, they sell towers to 65 countries, and they think they can sell even more in places like the Middle East, North Africa, the US, Canada, Europe, and Australia.
They want to be the biggest tower maker in the world, even bigger than companies in China.
Skipper plans to increase production capacity by 60% to 450,000 tonnes per annum by FY28.
The company aims to double exports to 50% of its revenue in the next 3-4 years.
Skipper may set up a new greenfield plant in Western India to balance its capacity.
The company has a capital expenditure plan of ₹400 crore for the next two financial years.
Skipper is currently the largest manufacturer of integrated T&D structures in India and ranks among the top five globally.
- Who
- Skipper Ltd, an Indian manufacturer of power transmission towers
- What
- Plans to expand production capacity by 60% by FY28
- Where
- Primarily in Western India, with existing plants in Kolkata
- When
- Expansion to be completed by financial year 2027-28
- Why
- To become the world's largest player in power transmission tower manufacturing and increase exports
Key facts
- Current Production Capacity
- 375,000 tonnes per annum
- Target Production Capacity
- 450,000 tonnes per annum by FY28
- Export Revenue Goal
- 50% of total revenue in 3-4 years
- Current Export Revenue
- 25% of total revenue
- Capital Expenditure Plan
- ₹400 crore for next two financial years
- Number of Manufacturing Plants
- 3 in Kolkata
- Global Market Presence
- 65 countries
- Major Markets
- Middle East, North Africa, US, Canada, Europe, Australia
Quotes
Sharan Bansal
Director of Skipper Ltd
“Our current production capacity stands at around 375,000 tonnes per annum. We are planning to increase it to 450,000 tonnes per annum by FY28. In the current financial year, we will be carrying out greenfield expansions of our existing plants. From FY27 onwards, we might do greenfield projects.”
thehindubusinessline.com
“We are still evaluating a possible location for the greenfield plant. Already we have a huge capacity in Eastern India. So, we are keen to look at something in Western India to have a balance. The Board has not taken a decision yet.”
thehindubusinessline.com
Sources
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