Ducon Infratechnologies locks in upper circuit on bagging second FGD project of NTPC
The company continues to be actively involved in bidding on both flue gas desulfurisation (FGD) and material handling system (MHS) projects.
Ducon Infratechnologies Limited has informed the bourses that in a reverse auction conducted for flue gas desulphurisation system (FGD) package for Muzaffarpur Thermal Power Station, Stage – II (2 x 195 MW), Kanti, Bihar by NTPC Limited, where Ducon’s proven wet limestone FGD technology would be deployed, its partner EPC organisation has emerged as the lowest bidder (L-1).
Ducon opted to bid on this project in collaboration with an EPC partner in order to optimise its available resources on the maximum number of FGD packages. Ducon would be supporting Ducon US and also, be extensively involved in the execution of the project from concept to commissioning.
The anticipated order value for Ducon is in the range of Rs 100 crore-Rs 150 crore. This is the second consecutive FGD project of NTPC for Ducon, the first being Barauni Thermal Power Project, Stage II (2 x 250 MW), Barauni (Bihar), which was bid directly by Ducon and emerged as L-1 for an order in the range of Rs 500 crore-Rs 600 crore.
The company continues to be actively involved in bidding on both flue gas desulfurisation (FGD) and material handling system (MHS) projects.
The stock of Ducon Infra has got locked in the upper circuit of 5 per cent at Rs 13.85 from its previous close of Rs 13.20 on BSE.