Skipper Bags An Order Worth Rs 500.21 Crores

Skipper Limited, a leading company in power transmission on Tuesday rose over 5% on the BSE. It is trading at Rs 207 per share, up by 5.32% at 11:23 AM IST. The stock also witnessed a spurt in the volume by more than 6.29 times. It also traded at its new 52-week high value at Rs 214 per share. The company on Monday reported a profit after tax at Rs 52.78 crore for the quarter ended March 2017, a rise of 46.12%, as against Rs 36.12 crore in the same quarter of the previous year, as per BSE filing.

The board of directors of the company at its meeting held on May 15, 2017 has recommended a dividend of 155% (Rs. 1.55 per equity share of Re. 1) for the financial year ended March 31, 2017 subject to the approval of shareholders, as per BSE filing.

The company further reported about securing new orders worth approximately Rs.376.48 crores from national & Rs. 123.73 crores from international markets for the supply of Power Transmission Towers & Telecom Poles, as per BSE filing. Skipper Limited is an integrated transmission tower manufacturing company with angle rolling, tower, accessories and fastener manufacturing, and engineering, procurement and construction (EPC) line construction.

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