Ducon to provide Coal Clean Technology for 2 x 660 MW Suratgarh Supercritical Thermal Power Station of Rajasthan Rajya Vidyut Utpadan Nigam Ltd

Ducon Infratechnologies Limited (BSE:534674, NSE: DUCON), ("DUCON") India's leading Fossil Fuel Clean Technologies Co will provide its proprietary Coal Clean Technology, Fuel Gas Desulphurization(FGD) for a 2x660 MW FGD package for Suratgarh Supercritical Thermal Power Station, Unit 7 & 8, Suratgarh, Dist-Ganganagar, Rajasthan, India, awarded to an EPC organization Ducon has partnered with.

This project was jointly bid by Ducon's affiliate, Ducon Technologies Inc., USA with a leading EPC organisation in the Indian subcontinent. Ducon will provide its FGD execution expertise to the project from concept to commissioning. The anticipated value of the order for Ducon will be in the range of INR 150 - 200 Crore. This is the Second Coal Clean Technology/FGD project for DuconInfratechnologies in the last 4 Months. In January 2022, it had received Coal Clean Technology / FGD Project order for 2 x 600 MW Singareni Thermal Power Plant Stage-I, Telangana with an order value in the range of INR 150-200 Crore.

Mr. Aron Govil, Managing Director of Ducon, while commenting on this order states that "After the Covid-19 pandemic, the FGD market in India is expanding exponentially. With the commitment to meet Emissions Standards by 2050, Indian FGD market would witness massive investments in/deployment of Fossil Fuel Clean Technologies/Green Technologies across Fossil Fuel/Coal Fired Plants across a spectrum of Industries including Power, Steel, Cement etc. With over 192 GW of Coal Fired Power/Steel/Cement etc, India's commitment on Green Energy/Emission standards and strict regulatory mandates, India/Indian companies will spend an approximate US$ 20 billion on Fossil Fuel Clean Technologies/Greening of Fossil Fuels and Green Energy.With its proprietary technologies, Ducon is uniquely positioned to leverage this transformational opportunity both in terms of Intellectual Property and Execution capability. We are aggressively aiming to garner a significant share of India's rapid transition to Clean Coal/Green Coal."

Shares of Ducon Infratechnologies Limited was last trading in BSE at Rs. 21.55 as compared to the previous close of Rs. 21.55. The total number of shares traded during the day was 35468 in over 349 trades.

The stock hit an intraday high of Rs. 22.40 and intraday low of 21.20. The net turnover during the day was Rs. 769240.00.

Source : Equity Bulls

Keywords

DuconInfratechnologies INE741L01018 OrderWin FGD SuratgarhSupercriticalThermalPowerStation