Skipper Ltd today said it has secured new orders of Rs 200 crore from Powergrid Corp for supply of transmission towers.
The total orders worth Rs 200 crore. It is for 765 kv double circuit transmission tower which would be supplied to various projects on a turnkey basis, the company said in a statement.
"PGCIL has started opening financial bids for a large number of new bids which have been submitted in 2015-16. This trend is expected to continue on in Q1 of FY17 as well.
"Hence, our new order intake (including projects where we are favorably placed) in FY16 should be about Rs 1,300 crore from domestic and international customers," Skipper's Director Sharan Bansal said.
"We have further bids of about Rs 1,000-1,200 crore still under consideration for which we are awaiting financial bid opening," he added.
Established in 1981, Skipper Ltd is one of the leading companies in the power transmission and distribution, and the PVC pipes segment.
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