Skipper's Devesh Bansal Foresees Manifold Growth In Coming Years
With the unprecedented expansion of India’s power sector, especially the renewables, it has been raining opportunities for engineering and design companies. Tapping into this space is Skipper, which the country largest manufacturer of transmission towers and poles, with transnational reach.
Established in 1981, the company is also a well-known manufacturer of premium quality polymer pipes and fittings besides possessing expertise in executing infrastructure engineering, procurement and construction (EPC) projects.
Skipper’s tower testing station, accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL), is one of the largest in the country. This facility ensures that each product meets the highest standards of safety and quality.
Amidst the prevailing anti-China sentiment, the global supply chain is actively seeking to reduce its reliance on China, creating a favourable environment for Indian manufacturers, including Skipper.
Huge Growth Opportunities
Devesh Bansal, Director, Skipper says, “With such growing opportunities in the transmission and distribution, polymer and telecom sectors, we see manifold growth in the coming years. In the second quarter of FY24, Skipper won fresh orders totalling Rs 1,135 crore from both domestic and international markets.”
The surge in demand for new transmission lines is also attributed to the growing emphasis on renewable energy sources, resulting in a shorter execution cycle and speedy supplies to meet project deadlines. Domestic transmission and distribution activities have also rebounded and Skipper’s order bidding pipeline remains robust.
Moreover, there is a notable uptick in the domestic telecom sector due to the 5G rollout and increased bandwidth usage. Additionally, the resurgence of the real estate sector in the post-pandemic period is providing a much-needed boost to Skipper’s business.
Skipper is also one of the few companies in India with a NSF14 certification (highest standard of safety) and the only polymer pipes company in India to successfully implement theory of constraints (TOC) in its operations.
The company’s revenue stood at Rs 7,724 million compared to Rs 4,620 million in Q2 FY23, registering an YoY increase of 67.2 per cent.
“In line with our growth plans for 2024, our foremost objective is to elevate Skipper’s revenue from the current Rs 2,000 crore to an ambitious target of Rs 5,000 crore within the next three years. Concurrently, we aspire to undergo a substantial evolution, transitioning from our traditional manufacturing roots to position Skipper as a distinguished high-end engineering and design company,” says Bansal.
