Skipper Limited has informed the Exchange about Investor Presentation
$KIPPER
----Limited----
Date: 25 January 2022
The Manager National Stock Exchange of India Limited Exchange Plaza, s" Floor, Plot No. C-1, Block-G Bandra Kurla Complex, Bandra (E) Mumbai- 400 051
The Manager BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai- 400 001
NSE Scrip Name- SKIPPER/BSE Scrip Code- 538562
Re: Investors Presentation
Dear Sir,
We are forwarding herewith Investors Presentation on the financial performance of the Company for the third quarter and nine months ended 31 December 2021.
Kindly take the same on record.
Thanking you,
Yours faithfully,
Fors
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Sajan umar Managing Director DIN: 00063555
Encl: As above
SKIPPER LIMITED Regd. Office : 3A, Loudon Street, 1st Floor, Kolkata - 700 017 GIN: L40104WB1981 PLC033408 Phone: 033 2289 2327 / 5731 / 5732, Fax: 033 2289 5733 Email : mail@skipperlimited.com, Website : www.skipperlimited.com
Q3 PERFORMANCE, 2021 - 22
SKIPPER LIMITED INVESTOR PRESENTATION Q3 & 9M FY’22 Results
25th January, 2022
D I S C L A I M E R
This Investor Presentation has been prepared by Skipper Limited for investors, solely for informational purposes. The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company and does not purport to be all-inclusive or to contain all of the information a prospective or existing investor may desire. In all cases, interested parties should conduct their own investigation and analysis of the Company and the data set forth in this information. Skipper makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) regarding information contained in, or for any omissions from, this information or any other written or oral communications transmitted to the recipient in the course of its evaluation of the Company. This Information includes certain statements and estimates provided by the Company with respect to the projected future performance of the Company. Such statements, estimates and projections reflect various assumptions by management concerning possible anticipated results, which assumptions may or may not be correct. No representations are made as to the accuracy of such statements, estimates or projections. Prospective investors will be expected to have conducted their own due diligence investigation regarding these and all other matters pertinent to investment in the Company. This presentation may contain statements that are not historical facts, referred to as “forward looking statements.” The corporation’s actual future results may differ materially from those suggested by such statements, depending on various factors including statements contained in the Company's filings with the Stock Exchanges and our reports to shareholders. The Company does not undertake to update any written or oral forward-looking statements that may be made from time to time by or on behalf of the Company
2
W H O W E A R E
Company is India’s largest and world's only Integrated T&D company having its own Structure rolling, manufacturing, Tower Load Testing Station & Transmission Line EPC.
3
P R O D U C T O F F E R I N G S
S K I P P E R : O N E - S T O P S O L U T I O N P R O V I D E R
Engineering products
Polymer products
Infrastructure projects
Capacity: 300,000 MTPA • Power Transmission Tower • Power Distribution Poles • Monopoles • Telecom Tower • Railway Structures • MS & High Tensile Angles • Solar Structures • Fasteners • Tower Accessories
Capacity: 51,000 MTPA • UPVC Pipes • CPVC Pipes • SWR Pipes • HDPE Pipes • CP & PTMT • Fittings
M I S S I O N
• Transmission Line EPC • Railway Electrification EPC • Underground Utility laying by HDD
Highlights Positioned as one of the world's leading transmission tower manufacturer; largest in India
Highlights • Only polymer pipe company in India to implement TOC in its operations
Highlights • Forward integration activity • Aimed at high-margin projects
Revenues (FY’21) Rs11,986mn
Revenues (FY’21) Rs2,165mn
Revenues (FY’21) Rs 1,664mn
SKIPPER LIMITED Performance Update
Q3 FY’22 Update
S t a n d A l o n e F i n a n c i a l P e r f o r m a n c e Q 3 F Y ’ 2 2
Net Sales
YoY down by 13 %
QoQ down by 16 %
EBITDA
YoY up by 8 % QoQ up by 13 % OPM %
YoY up 230 bps
QoQ up 310 bps
YoY down by 21 %
PBT
QoQ up by 135 %
Sl
Profit & Loss Summary
Q3 FY’22
Q3 FY’21
YoY Change %
Q2 FY’22
1
2
3
4
5
6
7
8
Revenues
Reported EBITDA
EBITDA Margins (%)
(+) Other Income
(-) Depreciation
(-) Finance Cost
Profit Before Tax (2+3-4-5)
PBT Margins (%)
Tax
Profit / Loss After Tax (6-7)
PAT Margins (%)
4,005.0
4,598.5
-12.9%
4,792.9
475.1
11.9%
10.6
121.7
228.1
136.0
3.4%
51.5
84.5
2.1%
441.1
9.6%
9.7
110.4
169.1
171.3
3.7%
56.9
114.4
2.5%
7.7%
+ 230 Bps
-20.6%
-30 Bps
-26.1%
-40 Bps
419.4
8.8%
10.0
121.9
249.6
57.9
1.2%
14.4
43.5
0.9%
Rs in Mn
QoQ Change %
-16.4%
13.3%
+310 Bps
134.9%
+220 Bps
+94.3%
+120 Bps
6
S t a n d A l o n e – F i n a n c i a l P e r f o r m a n c e 9 M F Y ’ 2 2
Sl Profit & Loss Summary
9M FY’22
9M FY’21
Rs in Mn
1
2
3
4
5
6
7
8
Revenues
Reported EBITDA
EBITDA Margins (%)
(+) Other Income
(-) Depreciation
(-) Finance Cost
Profit Before Tax (2+3-4-5)
PBT Margins (%)
Tax
Profit / Loss After Tax (6-7)
PAT Margins (%)
11,544.3
10,841.5
1,061.5
1,009.2
9.2%
29.5
362.8
675.9
52.3
0.5%
17.5
34.9
0.3%
9.3%
16.4
336.3
514.0
175.3
1.6%
55.3
120.0
1.1%
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B U S I N E S S U P D A T E – Q 3 F Y ’ 2 2
Performance Update Key Performance Highlights
Consistent revenue performance across major business segments in spite of covid related
challenges; Achieved highest ever quarterly revenue performance in Q3 in Polymer segment
Unavailability of Sea Containers and longer lead time adversely impacted export revenue execution
of engineering business
Stand Alone EBITDA margins improved to 11.9% in compare to 9.6% in previous year quarter and
8.8% in last quarter
Focus continues on Bottom-line improvement; PBT & PAT grew by 135% and 94% over last quarter
Order Book Highlights
Secured new order inflow of Rs 4,230 million during the quarter; YTD order inflows in excess of Rs
13,770 million, registering a staggering growth of ~ 279 % over the last year same period
Actively pursuing projects worth Rs 38,000 million on international front and about Rs 15,000
million on the Domestic front.
All new large T&D projects in domestic markets now comes along with Design and Load testing
scope; Our new R&D centre will give us distinct advantage over competition.
Other Update
Added New products in the polymer pipe segment - Launched “Marina” Water Tanks under the
Skipper Pipes brand.
Successfully completed the assessment conducted by Great Place to Work Institute, India, and is
certified a great workplace
Plants operating with strict COVID-19 protocols with contingency planning; Health and safety of
employees and partners remains key focus area for the company
8
P E F R O R M A C E H I G H L I G H T S
Q3 Fy’22 Revenue performance was impacted on account of -
Unavailability of export containers resulted in Delay in execution of Engineering export contracts
(Signs of some ease are visible ) ;
Continuing Port Congestion and delays making shipping transit time longer; leading to delayed
collection & higher finance cost ;
Q3 Fy’22 EBITDA Margin improved on account of -
Parting away with majority of old legacy and CIF contracts
Raw material price volatility & container unavailability continues to remain a challenge, company is
taking adequate measures to mitigate the same
Going forth most of the revenue execution will take place from newer contracts which were secured on FOB terms and at elevated commodity price level aiding to better margin performance
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S E G M E N T R E P O R T
S e g m e n t P e r f o r m a n c e Q 3 & 9 M F Y ’ 2 2
Infra 4%
Polymer 19%
Engg 77%
Revenue Mix – Q3 FY’22
Note: Segment EBITDA is net of Forex and includes allocation of un-allocable expenditure in pro-rata share of Sales and Capital Employed in their respective segment
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SegmentQ3 FY'22Q3 FY'21Change %9M FY'229M FY'21Change %3,105.5 3,544.1 -12.4%9,096.8 8,321.2 9.3%356.5 301.7 18.2%881.2 681.4 29.3%11.5%8.5%9.7%8.2%748.2 626.0 19.5%2,023.0 1,373.5 47.3%40.4 22.5 79.6%49.1 32.8 49.6%5.4%3.6%2.4%2.4%151.3 428.4 -64.7%424.6 1,146.9 -63.0%9.5 36.5 -74.0%(47.4)30.6 -254.9%6.3%8.5%-11.2%2.7%4,005.0 4,598.5 -12.9%11,544.3 10,841.5 6.5%406.4 360.7 12.7%882.9 744.8 18.5%10.1%7.8%7.6%6.9%Engg ProductsPVC ProductsInfra Projects TotalO R D E R B O O K P I E
E n g i n e e r i n g P r o d u c t s – O r d e r B o o k C o m p o s i t i o n – D e c 2 0 2 1
Total Order Book Rs 21,220 million
Domestic 58%
Segment Break up
35%
42%
Export 42%
Order Breakup
18%
5%
Domestic
Export
PGCIL Export
SEB & Others Telecom
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R i s i n g O r d e r I n f l o w
E n g i n e e r i n g P r o d u c t s – O r d e r I n f l o w C o m p o s i t i o n
• New Order Intake of Rs 4,230 million in Q2 FY’22 & Rs 13,770 million in 9M Fy’22 for engineering products
supply from PGCIL, SEB’s & Telecom Players and for various supplies across Asia Pacific, Middle East, Africa and LATAM markets
•
•
n o
i l i i
M n
i
s R
T&D Order Book well diversified between Power Grid, Domestic SEB / Private players and international
Strong growth trajectory in Telecom in both domestic & International markets; Made inroads into 3-4 newer export geographies which were earlier dominated by Chinese players
Qtr Wise - Order Inflow Trend
Consistently clocked inflows in excess of 4,000 mn for the past few quarters
Q3 FY’22 Inflow Composition Rs 4,230 million
5,010
4,530
4,230
3,810
Q3’22 Inflow Composition
Export 53%
Domestic 47%
2,200 2,300
440
Q1 Fy'21
Q2 FY'21
Q3 FY'21
Q4 FY'21
Q1 FY'22
Q2 FY'22
Q3 FY'22
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O R D E R B O O K P I E
R i s i n g E x p o r t S h a r e I n f l o w
Export Order Inflow Trend
6,110
Doubled last year total inflow; with in the first nine months of FY’22
n o
i l i i
M n
i
s R
2,880
12M Fy'21
9M FY'22
Positioned to grow export business to 75% of Engineering revenue in next 2 years
Secured new export orders in excess of Rs 6,110 million during H1 Fy’22 and Rs 7,180 million in the trailing 12 months (TTM)
Made inroads into Asia Pacific, Middle East and West African market with 3-4 large utilities, which were earlier dominated by Chinese players.
In advanced stages of negotiation to secure 2-3 large size contracts
Customers have now accepted this Commodity price shift - resulting in finalization and awarding of long pending order with them.
Majority of New Transmission lines are now getting built to cater renewables; leading to shorter execution cycle and faster supplies to meet project deadlines.
Bid to - order life cycle which got prolonged due to covid led disruption and commodity price volatility are now showing signs of getting back to normalcy
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S t r o n g B i d d i n g P i p e l i n e
Strong Bidding Pipeline of 53,000 Million as on 30th Dec 2021; International – 38,000 Mn & Domestic - 15,000 Mn
• Expecting International Ordering & Execution to gain pace in Q4 FY’22;
•
In advanced Stages of negotiation to secure some good size International contract
• Large pent up demand in domestic T&D ; Ordering continues to remain muted
•
Increased focus on building up Engineering capabilities
International Growing global competiveness; Focusing on international markets to drive the ordering growth; Strong Anti China Sentiment; and global supply chain now actively looking for reducing their dependence on China is a great positive outcome of this crisis ; will bring more opportunities on our way Majority of New Transmission lines are now getting built to cater renewables; leading to shorter
execution cycle and faster supplies to meet project deadlines.
Domestic
The domestic T&D actvities are showing signs of rebound, Company’s Order bidding pipe line remains
strong at Rs 15,000 mn.
Tender Pipeline continues to stay strong, Many tenders in the domestic T&D market which got
postponed - now expected to be concluded in next few months.
Strong traction in domestic telecom on account of 5G Rollout / High bandwidth usage. Ahead of the rollout of the high speed 5G network, the government is set to give a massive push to telecom infrastructure across the country with plans to add 8 lac new mobile towers over the next 2 years
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M a n a g i n g R M P r i c e V o l a t i l i t y
The company is taking all necessary steps to tackle & neutralise the impact of this temporary RM volatility / Container Freight issues and protect margins -
Mitigation Strategy
Securing Newer Contracts at elevated commodity price level
Considering lack of container availability at ports and High Sea Freight rates – Company is trying to abstain itself from entering into Exports CIF Commitments, secured majority of newer export contracts on FOB terms only
Taking advantage of low working capital debt level of company to keep higher raw material inventory so that a larger portion of the fixed price contracts are covered with the inventory
Hedging Zinc & Flat Steel Exposure through Vendor & commodity exchange
Negotiating firm prices contract with raw material supplier for longer duration
Expanding Raw material supplier base
Forging Tie-ups with major raw material suppliers with minimum up-liftment commitment to gain maximum possible rebates and discounts.
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B u s i n e s s O u t l o o k
With Major Approvals in place and strong relationship been developed with Major USA EPC players and Utilities over the past few years, Company is well poised to target and get benefitted from this massive Power T&D investment plans.
B i g O p p o r t u n i t y – U S A
With bipartisan support, the U.S. House of Representatives passed the US $ 1.2 Trillion Infrastructure Investment and Jobs Act on 5th November, 2021.
The Bipartisan Infrastructure Deal’s more than $ 65 billion investment includes the largest investment in clean energy transmission and grid in American history.
Plans to upgrade the power infrastructure by building thousands of miles of new, resilient transmission lines to facilitate the expansion of renewables and clean energy, while lowering costs.
Studies have estimated the U.S. will need to
double or even triple its transmission capacity to decarbonize the country's economy.
Source : S&P Global
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M a j o r T & D P r o j e c t s A n n o u n c e m e n t & A p p r o v a l
One Sun One World One Grid Project (OSOWOG)
•
India and Britain signed a solar power initiative, called One Sun One World One Grid, that envisions an interconnected transnational solar grid.
• OSOWOG is India's initiative to build a global ecosystem of interconnected renewable energy resources With bipartisan support, the U.S. House of • A consortium steered by French state-run power utility firm Électricité de France SA (EDF) has been Representatives passed the US $ 1.2 Trillion awarded the tender of crafting the road map for India’s ambitious global grid. The other members of the Infrastructure Investment and Jobs Act on 5th consortium are France’s Application Européenne de Technologies et de Services (AETS), and India’s The November, 2021. Energy and Resources Institute (TERI).
•
•
The three-member consortium will develop OSOWOG’s long-term vision, implementation plan, road map, and institutional framework including a technical and financial proposal.
The Bipartisan Infrastructure Deal’s more than $ 65 billion investment includes the largest investment in clean energy transmission and grid in American history.
By 2050, the grid aims for 2600GW of interconnection.
Strong Opportunity in India’s T&D Sector
•
Plans to upgrade the power infrastructure by building thousands of miles of new, resilient transmission lines to facilitate the expansion of renewables and clean energy, while lowering costs.
Scaling up India’s ambitious agenda to combat climate change , Prime Minister Mr Narendra Modi delivering his national statement at the COP 26 summit has announced India’s plan to increase its non fossil energy capacity to 500 GW and meet 50% of its energy requirements through renewables energy by 2030 - opens up an unprecedented opportunities to the tune of USD 221 billion by 2030.
Studies have estimated the U.S. will need to
• Union Cabinet of India has recently approved the second phase of the Green Energy Corridor of the Intra- State Transmission system for building 10,750 km long cKm across the country states. The scheme is a crucial component of India's plans to generate 500 GW of renewable energy by 2030. German state-owned investment and development bank group KfW will provide the loans for the scheme.
double or even triple its transmission capacity to decarbonize the country's economy.
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P O LY M E R P R O D U C T S S E G M E N T
SKIPPER’S POLYMER BUSINESS
Polymer manufacturing capacity of 51,000 MTPA
Plants invested state-of-the-art manufacturing technology
Guwahati Fittings Plant enjoys tax exemption
Among few Indian companies assured of CPVC for pipes manufacture
One of few Indian companies with NSF certification
Quality certifications
• ASTM D-1785, ASTM D-2467, ASTM D-2846 • IS: 12818 • IS: 13592 • IS: 4985 • IS: 15778 • IS: 13592 • IS: 14735 • IS: 10124 • IS: 14182 • NSF
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P o l y m e r H i g h l i g h t s
Polymer – Improving Revenue Performance
Major Highlights
TTM Revenue of Rs 2,815 million
Only Polymer Pipe company in India to implement TOC into its operation
Highest Ever Q3 Revenue Performance
n o
i l i i
M n
i
s R
436
311
792
772
748
626
503
Q1 Fy'21
Q2 FY'21
Q3 FY'21
Q4 FY'21
Q1 FY'22
Q2 FY'22
Q3 FY'22
Growing National Presence ;
Deriving 75% of overall revenue through TOC channel network
Total Retailer Touch points in excess of
23,000 plus (nos) in Dec’21
Retailer touch points increased 10(X)
fold in last 2 year period
Total Monthly Billed Retailers of 5,000
plus (nos)
Focus on Plumbing Portfolio; 70 :30 Revenue mix share of Plumbing: Agriculture
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T H E O R Y O F C O N S T R A I N T S
OUR USP
Skipper is the only Indian polymer pipe company to implement Theory of Constraints (TOC) approach in an organized manner
Directed to empower the supply chain processes and systems
• Partnering benefits:
• Exponential Sales Growth & Gain in Market Share
• Robust Processes & Systems in place to improve
profitability
• Consistent availability of entire range of products
at billing points
• Improvement in working capital cycle and
reduction of inventory days
• Gain of more output from the current capacity
• Improvement in ROI to dealers and distributors
20
N e w P o l y m e r P r o d u c t A d d i t i o n
Performance Update Awards & Approvals
PTMT BATH ACCESSORIES
CISTERN & SEAT COVER
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S k i p p e r P i p e s – B r a n d i n g A c t i v i t i e s
Performance Update Awards & Approvals
Added New products in the polymer pipe segment - Launched “Marina” Water Tanks under the Skipper Pipes brand.
22
N e w P o l y m e r P r o d u c t A d d i t i o n
Performance Update Awards & Approvals
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B u s i n e s s O u t l o o k
P E R F O R M A N C E O U T L O O K
With majority of our old legacy engineering export orders secured on CIF basis getting executed in 9M Fy’22 ; Going forth most of the revenue execution will take place from newer contracts which were secured on FOB terms and at elevated commodity price level aiding to better margin performance
Expects a strong revenue rebound in Q4’ Fy’22 on back of strong pending execution of
engineering contracts and strong polymer segment performance.
Targeting Inflow of Rs 18,000 - 20,000 million in full year, largely on account of international
export orders and rebound in Domestic T&D ordering
Expect good traction in International TL orders, While pending domestic TL ordering bids are
expected to start getting awarded by Q2 / Q3’23
Continuing efforts to further strengthen the international T&D order book ; positioned to grow exports to 50% of engineering revenue in current year (FY’22) and to 75 % in next 2 years
Implementation of TOC in both Engineering and Polymer business to significantly improve its
working capital cycle and bottom-line profitability
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S h a r e h o l d i n g P a t t e r n
S h a r e h o l d i n g p a t t e r n a s o n 3 1 s t D e c 2 1
M a j o r I n s t i t u t i o n a l S h a r e h o l d e r s A s o n 3 1 s t D e c 2 1
Promoters 71.89%
Name
Baillie Gifford - Pacific Horizon Investment Trust
%
4.49%
Ocean Dial Asset Management India (ICGF) 4.08%
Foreign Portfliio Investors 9.48%
Dovetail India Fund
Resonance Opportunity Fund
0.46%
0.32%
Others 18.63%
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Future Ready
E X P L O R I N G N E W G E O G R A P H I E S
FOCUS ON GROWING EXPORTS
• Optimistic outlook: Positioned to grow exports to 50% of
Engineering revenue in current year (FY’22) and to 75 % in next 2 years.
• Opportunity-ready: Certified by prominent international organizations for confidence-enhancing certifications
• Established traction: Working with over 100 Global EPC player ;
Enlisted 10 prominent customers in past 12 months
• In House Design Capability: With in-house design capability and human capital, we are able to add more value into the projects we bid, offering innovative, bespoke and cost-effective design solutions.
• Creditable beginning: first-time order and enquiries from USA, Germany, Spain, South Korea, Uruguay, Paraguay, Romania, Croatia, Mexico, Panama, Bolivia, Poland, Afghanistan, Russia, Australia and East / West African countries among others
• Competitiveness: Strong Anti-Chinese Sentiment and gradual decoupling from China is also causing many projects to seek alternative supply chains, giving further fuel to business potential coming our way.
• Brand Positioning: Our recently set up R&D Centre and Tower
Testing Station have vastly improved our brand positioning in the export markets, helping us to be taken as a serious contender.
•
International certifications
Certification
CFE/LAPEM CWB DEWA ROHAS CE CERTIFICATION ACHILLES/STATNET Saudi Electric Company The Jordanian Electric Power Company Ltd RETIE EETC BPC KETRACO TCN NGCP DAST
Country
Mexico Canada & USA Dubai Malaysia Europe Nordics Saudi Arabia
Jordan Colombia Egypt Bhutan Kenya Nigeria Philippines European Union
27
L E A D E R S H I P P O S I T I O N
S K I P P E R I S C L E A R LY P O I S E D T O B E I N T H E W I N N I N G S P O T I N T H E I N T E R N AT I O N A L T & D S E C T O R
•
•
•
Skipper is the highest accredited manufacturers in India for supplying to global markets
Largest and lowest cost manufacturer out of India and one of the lowest globally
In between 2005 – 15 Skipper supported multiple Indian non integrated T&D EPC Contractors (holding major market share) with low cost reliable Transmission Tower supplies (Towers are almost 50% of the value of any project).
• Currently replicating the same format in International markets with major International EPC
contractors, helping them leverage their relations with the Utilities better
•
Increase in approvals such as CWB (North America), CE & DAST (Europe), Lapem (Central America & Mexico),, DEWA (Middle east), Achilles (Nordic countries) and Sirim (South East Asia) which gives it better access to T&D business in these regions. Continuously increasing , Utility approval list with more key utilities in the European markets
28
T E L E C O M S E C T O R
TELECOM TOWER
• India needs around 800,000 additional towers to address digital
growth and 5G Roll out
• National Telecom Policy aims to inspire $100 bn investment in
five years
• India’s 30 per cent broadband penetration leaves large
headroom
• Sector added 65,000 mobile towers in two years
China
1.4 bn Customers
1.94 mn Telecom tower
• Expansion of 4G, 5G, Artificial Intelligence, Virtual Reality,
Internet of things and M2M among others are driving the need for more towers
India
1.18 bn Customers
0.46 mn Telecom towers
I N D I A O N T H E C U S P O F M O B I L E D A T A E X P L O S I O N
India;s smartphone users has more than double by 2022 (in mn)
The number of connected devices will boom in india (in bn)
Average mobile data consumption per month in India (in gigabytes)
7 1 0 2
2 2 0 2
7 1 0 2
2 2 0 2
7 1 0 2
2 2 0 2
0
300
600
900
0
0.4
0.8
1.2
1.6
2.0
2.4
0
6
12
18
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L E A D E R S H I P P O S I T I O N
S K I P P E R I S C L E A R LY S E T T O B E I N T H E W I N N I N G S P O T I N T H E T E L E C O M S E C T O R
• Large engineering capacity to support manufacturing of Telecom structures
• Proximity to focus Telcos markets - East & North East
• Tie up with one of world's leading tower design company - Ramboll
• Long standing relationships with major telecos in India and abroad
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T r a n s m i s s i o n L i n e To w e r Te s t i n g S t a t i o n
Skipper boasts of India ‘s largest Tower & Monopole Load Testing Station -
• All new large T&D projects in
domestic markets now comes along with Design and Load testing scope;
• Our new R&D centre will give us
distinct advantage over competition.
• Facility running at 100% capacity
Few Power Transmission Towers & Monopoles tested at our Testing Station
765kV S/C Monopole 220kV Transmission
Tower
765kV Transmission Tower
400kV D/C Quad Moose Monopole
500kV Transmission Tower
31
S K I P P E R V A C C I N A T I O N D R I V E
More than 2,200 + Employees and Workers were Vaccinated
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For any queries please contact:
Aditya Dujari (Investor Relations)
Skipper Limited 3A, Loudon Street, 1St Floor, Kolkata 700 017
E-Mail: aditya.dujari@skipperlimited.com Tel: + 91 33 2289 2327/5731 Mobile: 9830806906
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