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Skipper Secures ₹797 Crore Power Transmission Orders in India, Australia

Skipper Secures ₹797 Crore Power Transmission Orders in India, Australia
Skipper Limited Secures New Orders Worth ₹797 Crore For Domestic And International T&D Projects · freepressjournal.in

Skipper Limited is a company that works on power transmission projects.

It received new orders worth ₹797 crore.

Some of the work will be in Australia.

Skipper will supply towers and monopoles for those projects.

In India, it will build a 765-kilovolt transmission line.

The Indian project was awarded by a domestic developer whose name was not disclosed.

Director Sharan Bansal said the orders could help Skipper grow in high-voltage and international markets.

The company’s shares rose after the announcement.

Key facts

Total order value
₹797 crore
International work
Supply of transmission towers and monopoles for power T&D projects in Australia
Domestic work
A 765-kilovolt transmission line project
Domestic awarding party
An unnamed domestic developer
Company director quoted
Sharan Bansal
Share-price reaction
Skipper shares rose 3% in Wednesday intraday trading
Six-month stock performance
Nearly 62% gain, according to the report

Quotes

Sharan Bansal

Director of Skipper

“The receipt of new orders aggregating to Rs 797 crore across both domestic and international markets further strengthens our presence in higher-voltage transmission infrastructure and reinforce our focus on technically complex T&D projects.”
financialexpress.com
“Our expanding presence in these markets, supported by our capabilities across high-voltage transmission structures and solutions, provides an opportunity to participate in larger and more technically demanding projects.”
financialexpress.com

Sources

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