Ducon Infratechnologies locks in upper circuit on bagging new order
One of the leading engineering, procurement & construction (EPC) companies, Ducon Infratechnologies Limited announced that it has emerged as the lowest bidder in reverse auction for flue-gas desulphurisation system (FGD) for Barauni Thermal Power Project, Stage II (2 x 250 MW), floated by NTPC Limited.
This is one of the directly bid projects by the company and its expected value is anywhere between Rs 500 crore – Rs 600 crore.
The company continues to be actively involved in bidding on both FGD and material handling systems (MHS). In the case of FGD Projects, the company is bidding directly as well as jointly with other EPC companies. While in this process, the company remains hopeful to grab some of the deals as and when decided. Besides, the company is glad to win this project as it’s huge in amount.
At 9.53 am on Thursday, the share price of the company was trading 4.98 per cent higher at Rs 13.92 on BSE.
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