Shares of Skipper Limited (India) hit a 52-week high of Rs 401 on 26 February after the company announced securing a significant order worth Rs 737 crore.

In its regulatory filing, the company said that it had received a significant order worth Rs 737 crore from Power Grid Corporation of India Limited for the supply, design, and construction of a new 765-kilovolt transmission line project.

Sharan Bansal, Director of Skipper Limited, said, “We are pleased to share our latest achievement in our power transmission and distribution business, reinforcing our optimistic stance on this sector.”

Bansal added that the steady stream of orders from Power Grid has notably strengthened our order book in the country’s Transmission and Distribution sector. With a year-to-date order intake exceeding Rs 3,900 crore, these recent victories are set to play a crucial role in propelling our anticipated growth trajectory in the times ahead.

The company is one of the world’s leading manufacturers of transmission & distribution structures in its Engineering Products segment, a trusted partner for executing critical infrastructure EPC projects, and a leading brand in the polymer sector.;.

At 3:30 pm, the shares of Skipper closed 3.62% higher at Rs 366.50 on NSE.