Big Brokerage House Report Highlights Material FGD Opportunities for DuconDucon Infratechnologies Limited (11:40AM)
Business Wire India
Ducon Technologies India Pvt Ltd & Ducon Infratechnologies Limited. ("Ducon") (BSE:534674, NSE: DUCON), announced that a recent Motilal Oswal report titled "Emission Control equipment orders to finally kick start" mentions material opportunities for new FGD projects for Ducon. The report highlights potential FGD system opportunities in the next five years as a result of compliance with the new emission norms for the 195 GW of coal fired plants in India.
The report mentions that the Central Electricity Authority (CEA) has worked out an implementation plan by December 2022 based on discussions with individual power plants and that they expect orders to pick up significantly over the next 2 -3 years, as 2-2.5 years would be required for these projects to be executed to meet the implementation deadline of December 2022. The report indicates FGD system opportunities on 196 GW from the retrofit of existing power plants and 165 GW from the new plants, all of whom have agreed to the implementation timeline with the CEA by December 2022 with an estimated capex of INR 8.8-12.8 million/MW by the CEA. The report continues to detail that the each qualified FGD bidders stand to get around INR 13,000 crores of FGD orders over the next five years.
Ducon has established credentials in the FGD sector since, the Company has already commissioned a 500 MW Seawater FGD for Dahanu Power Plant in 2007 and a 2x600 MW limestone FGD for Udupi power plant in 2010. Ducon also supplied a 3x250 MW limestone FGD to NTPC/BHEL in 2011. All these FGD projects were secured by Ducon through global tender's due to its advanced technologies offered at the lowest cost.
The FGD technologies available with Ducon are its own and these were secured through a seven-year (2006-2013) technology licensing agreement with Ducon Technologies Inc., USA. (Ducon USA). Ducon USA has been in business since 1938, has over 30 patents to its credit, and has provided FGD systems for over 40,000 MW power generating plants all over the globe. As a result of this earlier technology transfer agreement, Ducon does not need to partner with an overseas technology company now to bid for these FGD projects and pay royalties.
"Ducon is the only company in India that has working limestone FGD installations and stands tall when compared to other FGD bidders", said Mr. Aron Govil, Chairman & MD of Ducon.
"We are in an enviable position and thus extremely confident of securing several of these orders in the coming years." continued Mr. Govil.
About Ducon Infratechnologies Limited
Ducon Infratechnologies Limited (BSE: 534674, NSE: DUCON) is an emerging technology company based in India for providing solutions in the Industrial, infrastructure & digital space to multiple business segments across varied industries. In the digital space, Ducon offers distribution services to its clients related to marketing initiatives, distribution, volume procurement and end to end technical support. On the infrastructure sector, it intends to offer complete solutions including execution of turnkey projects in rural electrification, environmental control & material handling areas across India and neighboring regions. The Company is led by a team of young and dynamic professionals with technical, marketing and sales know-how and has an objective to become a leading solution provider in the digital and infrastructure business sectors.
Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors. that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
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Thane, Maharashtra, India