Skipper eyes Rs 3,000 cr revenue by FY19

Power transmission tower maker Skipper targets revenue of Rs 3,000 crore by 2018-19 on the back of initiatives taken by the government to give a boost to the sector with schemes like UDAY.
The Kolkata-based firm, which is also engaged in manufacturing of PVC pipes and fittings, is betting big on the government's Swachh Bharat Abhiyan and smart cities programme and expects the contribution from this business to grow by up to 25 per cent from the current 8 per cent.
"The government's initiatives on the power sector, urbanisation and sanitisation opens up new opportunities of growth for a company like us which is present in the business manufacturing transmission towers and PVC pipes and fittings. We expect to touch nearly Rs 3,000 crore revenue by FY19," company's Director Sharan Bansal told PTI.

He said with the implementation of the UDAY scheme, new orders are expected to come from the state power utilities which are currently reeling under financial crisis.
"Besides, the private sector which had deferred the projects are now likely to bid in the next few years. We see this as a huge opportunity for growth in the transmission towers business," he said.
Bansal further said the smart cities and Swachh Bharat Abhiyan has resulted in growth in demand for plastic pipes and fittings as well as water tanks.
"We will continue to invest almost Rs 50 crore every year to enhance our manufacturing capacities both in the transmission and PVC business. Our aim is to achieve at least 20 per cent year on year growth in the bottom line and continue to be an asset light company," he added.