Moneycontrol
Get App
Last Updated : Sep 09, 2019 03:31 PM IST | Source: Moneycontrol.com

Skipper climbs 17% on order worth Rs 524 crore from Power Grid

Bid pipeline for international projects will ensure that company achieves order inflow targets for the year, director Sharan Bansal has said.

Moneycontrol News @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Shares of Skipper rallied nearly 17 percent intraday on September 9 after the company got a Rs 524-crore order from Power Grid Corporation of India.

The stock was quoting at Rs 57, up Rs 6.65, or 13.21 percent, amid high volumes on the BSE at 1506 hours.

"The company has emerged favourably placed in a new turnkey project of Rs 524 crore from Power Grid Corporation of India (PGCIL) for supply and installation of 765kV, 190km Hexa Zebra conductor transmission line from Fatehgarh2 to Bhadla2 under TBCB bidding conducted by PFC for Green Energy Corridor projects," the power transmission and structures manufacturer said in a BSE filing.

Close

The domestic T&D market has seen muted orders for the past 18 months, director Sharan Bansal said. Now, with the bids being finalised for the green energy corridors, company is optimistic about better order inflows, he said.

Along with this, a significant bid pipeline for international projects will ensure that company achieves order inflow targets for the year, he said.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Sep 9, 2019 03:31 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant