Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Skipper Limited, a power transmission and distribution structure builder, has received a ₹737 crore order from Power Grid Corporation of India Limited (PGCIL) to design, develop, and construct a cutting-edge 765 kV transmission line for the central PSU. In addition to expressing excitement about this most recent accomplishment in the power transmission and distribution sector, skipper director Sharan Bansal emphasised the company's positive perspective on the sector.
Skipper's order book has increased significantly in transmission and distribution, topping ₹3,900 crore year-to-date. "The orders from PGCIL have notably bolstered our order book in the transmission and distribution (T&D) landscape. With a year-to-date order intake surpassing ₹3,900 crore, these recent victories are poised to significantly contribute to our envisioned growth trajectory in the foreseeable future," he said.
The company, which is also into polymer, had announced a 115% jump in consolidated net profit to ₹20.4 crore for the third quarter ended December 2023, up from ₹9.5 crore registered in the same period of last year. Revenue also surged by 80% during the quarter to ₹801 crore, attributed to robust execution and a strong order book, he said. Bansal said, "The order bidding pipeline also remains robust, with a substantial international pipeline of ₹9,830 crore and a domestic pipeline of ₹5,200 crore."
Also Read : Coal India reported 26% rise in Q4 earnings due to higher supplies Coal India's Q1 production jumps 8% to 189 MT
The iron ore and fines prices have been reduced by ₹200 and ₹250 per tonne, respectively, by the sta...
Ferrous 21-Mar-2024
South Korea's Dongkuk Steel, one of the country's leading steel manufacturers, has announced plans t...
Business 27-Feb-2025
India's natural gas demand is expected to rise by 6% in 2024 with a rise in consumption in fertilise...
Oil & Gas 28-Jan-2024
Iran’s steel production rose 3.7% YoY to 3.3 million MT in March. Growth sustained despite in...
Business 24-Apr-2025
Union Minister for Steel and Heavy Industries HD Kumaraswamy said the Vizag steel mill will not be p...
Notification 12-Jul-2024
Iron ore prices have dropped following new tariffs on Chinese steel exports. These trade measures ar...
China 24-Feb-2025