Skipper Ltd has reported the winning of new orders, mainly relating to power T&D, aggregating Rs.924 crore.
In a release, Skipper said that these new orders worth Rs.924 crore included Rs.788 crore of orders received from Power Grid Corporation of India Ltd (PGCIL).
The remaining Rs.136 crore worth of mandates were for domestic power T&D projects, which also include telecom-related orders.
These new orders have taken the cumulative order inflow in FY24 so far to Rs.2,727 crore – representing a 220 per cent growth over the comparable position in FY23.
Commenting on the new order wins, Sharan Bansal, Director Skipper Ltd, said, “We are pleased with the new order inflows of Rs.924 crore from PGCIL and other customers. The consistent order inflows in the T&D business have led to a total order in-flow YTD of Rs.2,727 crore, registering an impressive 220 per cent growth over last year till date.”
Also read: Skipper Records All-Time High Order Book Position
“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 a robust Bidding Pipeline in excess of Rs. 10,000 crore give us good visibility and confidence of achieving the desired growth and deliver up to your expectations,” Bansal added.
