Skipper is looking at over 50% stake in the proposed joint venture (JV) with Israel’s MetzerPlas Cooperative Agricultural Organisation for foray into the drip irrigation sector. In this regards, the company’s board of directors have given in-principal approval to form the joint venture with MetzerPlas.
The project will boost the company’s existing PVC pipes business, as the proposed company will source about 30 percent input materials. The PVC vertical generates nearly 15 percent of its revenue, while the rest comes from power transmission and distribution operations.
Skipper is engaged in structural fabrication and manufacturing of mild steel and galvanized iron pipes, steel tubular poles, scaffolding and accessories and PVC pipes. Structural fabrication is the major contributor to the revenue of the company.
