Skipper rises on securing new order worth Rs 2,570 crore from BSNL

30 Dec 2022 Evaluate

Skipper is currently trading at Rs. 141.10, up by 1.15 points or 0.82% from its previous closing of Rs. 139.95 on the BSE.

The scrip opened at Rs. 147.30 and has touched a high and low of Rs. 148.85 and Rs. 140.35 respectively. So far 34590 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 148.85 on 30-Dec-2022 and a 52 week low of Rs. 50.00 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 148.85 and Rs. 112.40 respectively. The current market cap of the company is Rs. 1436.87 crore.

The promoters holding in the company stood at 71.89%, while Institutions and Non-Institutions held 9.88% and 18.24% respectively.

Skipper has secured fresh new order valuing Rs 2,570 crore from Bharat Sanchar Nigam (BSNL) for Supply and erection of Ground Based Telecom Towers, Infrastructure as a Service Provider (IaaSP) for supply, installation of Infrastructure Items and subsequent O&M for 5 years extendable to 5 more years in the uncovered villages of India under 4G saturation projects. The works are to be executed in the states of Rajasthan (Rs 1,350 crore) and Orissa (Rs 1,220 crore) and includes development of around 3,350 tower location sites.

The telecom sites will be set up to provide 4G connectivity as part of the 4G saturation projects in still uncovered with any sort of mobile communication or are currently having only 2G/ 3G Connectivity. The Project will be executed using the homegrown 4G Stack and will be funded through Government of India USOF (Universal Service Obligation Fund), which is a Rs 55,000 crore strong cash reserves meant for providing connectivity in rural and remote areas. 

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.

Skipper Share Price

288.70 -17.05 (-5.58%)
28-May-2024 15:44 View Price Chart
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