Skipper Ltd, a prominent maker of power transmission and distribution structures, announced securing a ₹737 crore order from Power Grid Corporation of India Ltd (PGCIL). The order entails designing, supplying, and constructing an advanced 765 kV transmission line for the central PSU.
Skipper Ltd is a leading global manufacturer of power transmission and distribution structures, poles, and towers. With a strong presence in over 20 countries, Skipper Ltd has established itself as a reliable provider of innovative and sustainable solutions for the power sector. The company’s commitment to quality, safety, and customer satisfaction has earned it a reputation for excellence in the industry.
Power Grid Corporation of India Limited (POWERGRID) is a Maharatna company that transmits about 50% of the total power generated in India on its transmission network. Incorporated in 1989, POWERGRID is India’s central transmission utility responsible for planning, coordinating, and managing the interstate transmission system.
The company plays a crucial role in the growth and development of the Indian power sector by ensuring reliable and efficient transmission of electricity across the country. POWERGRID is committed to excellence in transmission and has been recognized for its outstanding performance in the power sector.
Sharan Bansal, the director of Skipper, showed great excitement about the company’s recent accomplishment in the power transmission and distribution sector. He emphasized Skipper’s positive outlook on the industry, pointing out a significant increase in the company’s order book in this sector. The year-to-date order intake has surpassed ₹3,900 crore.
“Our order book in the transmission and distribution (T&D) sector has been significantly strengthened by the recent orders from PGCIL. With a year-to-date order intake exceeding ₹3,900 crore, these recent successes are expected to make a substantial contribution to our planned growth path in the coming years,” he stated.
The corporation, which also operates within the polymer sector, disclosed a notable surge in its combined net earnings, registering a remarkable 115% rise to ₹20.4 crore during the third quarter concluding in December 2023. This substantial increase starkly contrasts with the ₹9.5 crore figure recorded during the corresponding period in the preceding year.
During the quarter, revenue experienced a significant 80% increase, reaching ₹801 crore, driven by strong execution and a healthy order book, according to Bansal. He also mentioned that the order bidding pipeline continues to be strong, with a substantial international pipeline of ₹9,830 crore and a domestic pipeline of ₹5,200 crore.
