 "Skipper to set up facility for engineering and polymer products in Assam")
Skipper Ltd, a manufacturer of transmission tower & poles, and plastic pipes & fittings, will invest Rs 70 crore to build a new manufacturing unit for engineering products and polymer moulded products at Guwahati, Assam. “The board of directors has in-principal approved setting up of a new unit for engineering products and polymer moulded products at Guwahati, Assam, with an approximately investment of Rs 70 crore,” said Skipper Ltd in a BSE filing on August 8, 2016.
This will be the company fourth unit for engineering product and sixth unit for polymer products. The installed capacity for the proposed unit will be 30,000 tonne for engineering product and 7000 tonne for polymer products. The unit is expected to be commissioned by the end of the current financial year.
One of the rationales behind this project is to take advantage of all the available tax exemptions, incentives and other associated benefits extended by the centre and state for setting up manufacturing units in the region.
Besides, it will help Skipper to tap the growing demands for transmission & distribution (T&D) products in the North East region on account of large upcoming projects of Power Grid Corporation of India. In fact, the company recently got Power Grid approval for its distribution pole business enabling it to tap the large potential pole requirements for upcoming Power Grid projects in North East region.
The new unit will also enable Skipper, a flagship company of the SK Bansal Group, to manufacture high value CPVC and UPVC to feed all its existing pipe units across the country.