Stock Report

Skipper bags fresh new order of Rs. 737 crores from PGCIL

Posted On : 2024-02-25 22:48:15( TIMEZONE : IST )

Skipper bags fresh new order of Rs. 737 crores from PGCIL

Skipper Limited (BSE: 538562) and NSE (Symbol: SKIPPER), is one of the world's leading manufacturers for Power Transmission & Distribution structures and a prominent manufacturer of Telecom structures and Polymer Pipes products. The company in an announcement today shared its recent accomplishment of securing new order of Rs.737 crores for Design, Supply and Construction of new 765 kV Transmission Line Project for Power Grid Corporation of India Limited (PGCIL).

Commenting on the announcement, Mr. Sharan Bansal, Director Skipper Limited said "We are pleased to share our latest achievement in our power transmission and distribution business, reinforcing our optimistic stance on this sector. The steady stream of orders, from PGCIL, has notably strengthened our order book in India's Transmission and Distribution (T&D) domain. With a year-to-date order intake exceeding Rs. 3,900 crores, these recent victories are poised to play a crucial role in propelling our anticipated growth trajectory in the times ahead."

Shares of Skipper Limited was last trading in BSE at Rs. 353.40 as compared to the previous close of Rs. 338.20. The total number of shares traded during the day was 192813 in over 4856 trades.

The stock hit an intraday high of Rs. 359.05 and intraday low of 340.00. The net turnover during the day was Rs. 68025096.00.

Source : Equity Bulls


Skipper INE439E01022 OrderWin PowerGridCorporationofIndia