Ducon emerges as L-1 for 2 x 250 MW NTPC FGD order

Ducon Infratechnologies Limited (BSE:534674, NSE: DUCON), ("Ducon Infratechnologies") one of the leading EPC (Engineering, Procurement and Construction) Companies announce that it has emerged as the lowest bidder (L-1) in reverse auction for Flue Gas Desulpharisation System (FGD) for Barauni Thermal Power Project, Stage II (2 x 250 MW), Barauni by NTPC Limited.

This is one of the directly bid projects by Ducon Infratechnologies and the expected value of the order is in the range of INR 500-600 Crores.

The Company continues to be actively involved in bidding on 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 more of these projects as and when they are decided.

Shares of Ducon Infratechnologies Ltd was last trading in BSE at Rs.13.11 as compared to the previous close of Rs. 12.66. The total number of shares traded during the day was 104280 in over 180 trades.

The stock hit an intraday high of Rs. 13.29 and intraday low of 12.32. The net turnover during the day was Rs. 1372258.

Source : Equity Bulls

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