Skipper bags fresh new orders of over INR 150 Crores for 2500 no. of Telecom Towers

Deepthi | Myequity news | Date : 18-12-2018 14:25:00 IST

Skipper Limited, one of the world's leading manufacturers for power transmission & distribution structures and a prominent manufacturer of Telecom, Railway and Solar structures has secured fresh new orders of over INR 150 Crores for 2500 no. of Towers from various telecom operators. Bulk of these would be adding to the upgradation of the telecom infrastructure of Eastern India. Not only domestic market the company set a foothold in Americas with an order win of approximately 5 Million USD for Telecom Tower supplies to Latin America.

Commenting on the new orders, Mr. Devesh Bansal, Director Skipper Limited, said "We are pleased with the new order wins in Telecom Towers, as it further strengthens our Towers portfolio. We are delighted with the order wins from the Latin American market as it re affirms our faith in the region, becoming major growth drivers for us growing forward. These current new orders and a strong order pipeline assures of robust growth in the coming fiscal".

Mr. Bansal further said "Considering the demand, it is estimated that India will need 100000 telecom towers to cater to the rising data demand by 2020, which will greatly benefit the Tower manufacturing companies like Skipper. He added that a stronger telecom infrastructure is needed ahead of 5G deployment in India."

About Skipper Limited:

Skipper Limited established in 1981 is one of the leading companies in the Power Transmission & Distribution and Polymer products segment. With over 35 years of domain knowledge it is largest in India and tenth globally basis the manufacturing capacity. Skipper differentiates its offerings with high quality but cost effective solution for infrastructure providers and telecom operators. Its international footprint spans across continents such as Latin America, Europe, and Africa and is spread across 25 countries with presence across sub-segments such as towers, EPC, monopoles and poles. Skipper Limited is a national powerhouse in the Polymer pipe business.

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