Ducon Infratechnologies awarded LoI for AHS package by Vedanta Limited

Ducon Infratechnologies Limited (BSE: 534674, NSE: DUCON), ("Ducon Infratechnologies") one of the leading EPC (Engineering, Procurement and Construction) companies announced receipt of its latest AHS (Alumina Handling System) order.

The Company announced that it has received LoI (Letter of Intent) from Vedanta Limited, one of the world's leading natural resources companies, for Alumina Handling System for at their Alumina Refinery, Lanjigarh, District Kalahandi, Odisha. The scope includes complete Design & Engineering, Supply, Erection and Commissioning of Alumina Handling System, for refinery expansion.

The Company continues to be actively involved in bidding for both FGD (Flue Gas Desulpharisation) 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 of these projects as and when they are decided.

Shares of Ducon Infratechnologies Ltd was last trading in BSE at Rs.7 as compared to the previous close of Rs. 6.67. The total number of shares traded during the day was 26437 in over 48 trades.

The stock hit an intraday high of Rs. 7 and intraday low of 7. The net turnover during the day was Rs. 185059.

Source : Equity Bulls

Keywords