Skipper Ltd recorded a new order inflow of Rs.765 crore in the first quarter (Q1: April to June) of FY25.
The order inflow was bolstered by substantial orders from Power Grid Corporation of India Ltd (PGCIL), state utilities and exports market in the Middle East and Africa.
As of June 30, 2024, Skipper’s total order book stood at Rs.5,844 crore out of which 86 per cent represented domestic orders and the remaining 14 per cent exports.
Viewed by business segment, this order book had a 59 per cent share from the domestic T&D market. Another 27 per cent came from non-T&D activities like telecom, railways, solar, water EPC works and non power T&D-related steel structural items.
In the power T&D sector, Skipper’s activities largely comprise the manufacturing of power transmission towers, power distribution poles, and monopolies. The company is also engaged in EPC works related to power transmission and railway electrification.
Skipper Ltd has three business divisions – engineering products, infrastructure, and polymer. Power T&D-related activities fall under the first two.
The company said that it has a robust bidding pipeline worth Rs.11,500 crore in the international market and Rs.6,500 crore in the domestic market.
Skipper expects that international ordering and execution will gain further momentum in FY25 and the company was also in advance stage of negotiation for some “good-size” international contract.
Domestic tender pipeline continues to stay strong, Skipper said adding that the Union power ministry expects to complete 27,000 ckm of interstate transmission system (ISTS) lines by end of FY25, under the PM Gati Shakti National Master Plan.
It may be mentioned that in FY24, Skipper witnessed order inflow of Rs.4,286 crore that was historically the highest in any fiscal year so far.
Also read: Skipper Ltd closes FY24 with record order inflow
