Ducon Infra partners with Sterling & Wilson to bid for large GFD projects
Ducon Infratechnologies Limited has entered into a strategic tie-up with Sterling & Wilson Private Limited, a flagship group company of Shapoorji Pallonji Group, to jointly bid large-sized FGD tenders. Ducon is an emerging technology company providing solutions in the industrial, infrastructure and digital space to multiple business segments across varied industries.
The joint bidding exercise has significantly expanded Ducon’s financing capabilities to bid successfully for large FGD projects which it could bid on its own earlier and has created a win-win situation for both the parties. Moreover, Ducon brings technical qualification to this exercise of joint bidding for benefits of both parties.
Considering the massive influx of FGD tenders, Ducon had decided to capitalise on the maximum FGD project opportunities by either sole bidding on smaller projects or joint bidding with another reputable EPC company on large FGD projects. With this strategy, Ducon is independently bidding on extensive number of FGD projects, both small and medium-sized, and large projects via joint bidding. It has already submitted bids through joint bidding and will continue to bid more projects with Sterling & Wilson.
Sterling & Wilson Private Limited is a leading EPC company engaged in the areas of renewable energy, construction, and transmission & distribution, etc. The flagship company of Shapoorji & Pallonji has a rich legacy of 150 years and a consistent superior track record in each domain of its operations.
On Wednesday, Ducon opened flat at Rs. 8.45 and made intra-day high and low of Rs. 8.85 and Rs. 7.90 respectively.