Ducon Infra ties up with Sterling and Wilson

Ducon Infra technologies Limited announced that it has entered into a strategic tie up with Sterling and Wilson (S&W) to bid large FGD Projects in India.

Ducon and S&W clarified that they are not bound by each other to bid all the future FGD projects together. The understanding between Ducon and S&W is to bid for the mutually identified and agreed projects, which would be jointly decided on case to case basis. S&W will not have any restriction to enter into a partnership with other companies for bidding for FGD projects; Ducon too has not committed its technological participation for all the big projects to S&W.

Ducon Infra technologies Limited is a rapidly growing diversified technology company that operates in a variety of business segments, to provide solutions and meets challenges in the infrastructure, FGD systems and IT–digital business sectors. Ducon provides complete FGD systems with turnkey responsibility, all across India and neighbouring regions for coal, HFO and pet coke fired power plants.

On Thursday, the stock of Ducon Infra technologies Ltd had opened at Rs. 6.18 per share and made an intraday high and low of Rs. 6.20 and Rs. 5.65, respectively on the BSE. At 1.45 pm, the stock was trading at Rs. 6.20, up by 9.93 per cent.