Skipper is a supplier of transmission towers to Power Grid and has one of the largest capacity of towers at 200K tonnes in a 15Lakh tonne industry. India will invite bids for INR1 Lakh worth of power transmission projects in FY17, of which Power Grid is expected to win a lions share of EPC contracts. In addition to EPC, PGCIL is also expected to bag orders on nomination and is also expected to work on the Green corridor at a cost of INR30000cr. Hence, it will be in a position to start inviting bids for spends worth ~INR100,000cr in FY17. All this bodes well for Skipper, who has 46% of the order book from PGCIL and expects to maintain this ratio.Motilal Oswal value Skipper at 15xFY18E and recommmend to BUY for a target of INR. 215 from a 1 year perspective.Trendlyne has 1 report on Skipper updated in the last year from 1 broker with an average target of Rs 215.