Skipper wins orders worth Rs. 150 crore
Skipper, manufacturer of power transmission and distribution structures, has bagged an order worth Rs. 150 crore for 2,500 towers from multiple telecom operators.
Most of these towers would be added to the telecom sector in eastern India. Additionally, the company has also received an order amounting to US$5 million for telecom towers to be supplied to Latin America.
Skipper Limited is an integrated transmission tower manufacturing company. The company is engaged in production of angle rolling, tower, accessories and fastener manufacturing and also engineering, procurement and construction (EPC). The company's main products include engineering products and polyvinyl chloride (PVC) products.
On Tuesday, the stocks of the company opened at Rs. 89.65 per share as against Monday’s close of Rs 89.85. At the closing bell, the shares of Skipper were trading at Rs. 88.05 per share, down by 2 per cent despite picking up the order. The intraday high was Rs. 90.45 and intraday low was Rs. 86.70 per share on the BSE. Its 52-week high was Rs. 287 and 52-week low was Rs. 84 per share on the BSE. Meanwhile, the BSE Sensex closed at 36,347.08 level, gaining 0.21 per cent.