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In a regulatory filing, the company said the board has approved the rights issue of 1,02,67,021 equity shares having a face value of Rs 1 each to eligible shareholders on a partly-paid basis for an amount aggregating to Rs 1,991.80 million (Rs 199.18 crore).
The Kolkata-based Power T&D, telecom, and railway structures maker had reported a Rs 3 crore profit during the same period last year.
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Leading manufacturer of power transmission and distribution structures Skipper Ltd on Saturday said it has secured cumulative orders worth Rs 1,135 crore for the design, supply, and construction of new transmission line projects for Powergrid Corporation of India, as well as tower and pole export supplies.
Skipper Limited established in 1981 is one of the leading companies in the Power Transmission & Distribution and the Polymer segment.