Ducon signs MOU with Germany's deltaVision to enter Rocket Propulsion & Hydrogen Mobility markets in India

Ducon Infratechnologies Ltd. & deltaVision join forces to provide innovative fluid control solutions pertaining to rocket fuel propulsion systems and Hydrogen fuel delivery systems for the Indian market. The collaboration will comprise co-developments and domestic industrialization and manufacturing of embedded products to feed the emerging Indian markets in the hydrogen & aerospace value chain. An MoU on a joint venture undertaking was signed by both parties in the frame of a German delegation trip to India, organized by the German Asienbrückee. V. and led by its President Mr. Andreas Scheuer.

Andreas Scheuer said: "Delegation trips offer a valuable opportunity to learn from each other and to work towards concrete outcomes. As the president of the Asia Bridge, I am delighted to witness the collaboration of high technology from Germany and India in the space sector. Today's signature of the MoU is a great example."

Alex Plebuch, CEO of deltaVision: "In my role I had plenty of interactions with Indian entrepreneurs and could gain insights into the national ambitions in space and hydrogen technologies. I can share that India is rich on opportunity for a tech start-up and we at deltaVision are excited to see what can be achieved with a strong, local partner as Ducon."

Quotation Aron Govil, Managing Director of Ducon: "We are very excited to expand our current scope of activities by collaborating with deltaVision, a dynamic company led by young technical visionaries. With Ducon's considerable resources in India we are looking forward to expand deltaVision's advanced fluid control technologies for the Aerospace and hydrogen markets in India." "We are thankful to Mr. Scheuer and German general council for their support and leadership in creating this collaboration." Ducon Infratechnologies has been a leading Cleantech company for the past two decades, executing turn-key projects all over India. Ducon Group has been established in USA since 1938.

Shares of Ducon Infratechnologies Limited was last trading in BSE at Rs. 9.72 as compared to the previous close of Rs. 9.91. The total number of shares traded during the day was 100881 in over 118 trades.

The stock hit an intraday high of Rs. 9.99 and intraday low of 9.72. The net turnover during the day was Rs. 985295.00.

Source : Equity Bulls

Keywords

DuconInfratechnologies INE741L01018 MoU deltaVision RocketPropulsion HydrogenMobility