Skipper has received its board’s approval for capacity expansion of its engineering products division. The company has proposed capacity addition of approximately 35,000 MTPA from around 90% of existing capacity utilization of 2,65,000 MTPA for engineering products. The investment required for expansion is approximately Rs 35-40 crore and the mode of finance will be partly debt and partly by internal accruals. The meeting of the Board of Directors of the company held on May 19, 2018, considered the same.
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.
