Collaboration of Ducon and an EPC Organisation emerges as L-1 for 2 x 195 MW NTPC FGD package

Ducon Infratechnologies Limited (BSE:534674, NSE: DUCON), ("Ducon Infratechnologies") one of the leading EPC (Engineering, Procurement and Construction) companies announced that in a reverse auction conducted for Flue Gas Desulphurization System (FGD) package for Muzaffarpur Thermal Power Station, Stage - II ( 2 x 195 MW), Kanti, Bihar by NTPC Limited, where Ducon's proven Wet Limestone FGD technology would be deployed, its partner EPC Organization, has emerged as the lowest bidder (L-1).

Ducon opted to bid this project in collaboration with an EPC partner in order to optimize its available resources on the maximum number of FGD packages. Ducon Infratechnologies would be supporting Ducon US and would be extensively involved in the execution of the project from concept to commissioning. The anticipated value of the order for Ducon Infratechnologies is in the range of INR 100 - 150 Crore. This is the Second consecutive FGD project of NTPC for Ducon , the first being Barauni Thermal Power Project, Stage II (2 x 250 MW), Barauni which was bid directly by Ducon Infratechnologies and emerged as L-1 for an Order in the range of INR 500 - 600 Crores.

The Company has already bid several other FGD projects and expects to know their outcome in the coming months. The Company continues to be actively involved in bidding on both FGD (Flue Gas Desulfurization) and MHS (Material Handling System) projects. In the case of FGD Projects, the company is bidding directly as well as jointly with other EPC companies and remains hopeful to win some more of these projects as and when they are decided.

Shares of Ducon Infratechnologies Ltd was last trading in BSE at Rs.13.2 as compared to the previous close of Rs. 13.85. The total number of shares traded during the day was 24937 in over 52 trades.

The stock hit an intraday high of Rs. 13.2 and intraday low of 13.2. The net turnover during the day was Rs. 329168.

Source : Equity Bulls

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