Ducon Infratechnologies Reports Record New Orders for its USA subsidiary

Myequity news service | Date : 04-07-2018 14:30:00 IST

Ducon Infratechnologies Limited, announced that its US subsidiary, Ducon Combustion Equipment Inc., (Subsidiary) has received new orders of Rs 52 crores for two 50 MW packaged cogeneration plants from a major S. Korean EPC company during the month of June 2018.

The orders will be delivered in the next two months. The Company had set up the Subsidiary last December to supply packaged boilers, cogeneration plants and heat recovery systems to clients worldwide.

Aron Govil, Chairman of the Company said, “As a result of our expanded sales and marketing activities over the past several months we are seeing increased activity in our newly formed Subsidiary‘s business.”. “Our goal here is to have consistent ongoing business which will supplement our existing growing business in India" continued Mr. Govil.

About Ducon Infratechnologies Limited:

Ducon Infratechnologies Limited is a technology company based in India for providing solutions in the Industrial, infrastructure & digital space to multiple business segments across varied industries. The Company diversified into FGD systems, bulk material handling systems, and Electrification & infrastructure markets through recently completed demerger process. The original IT business of the company deals with network & hardware solutions, marketing initiatives, distribution, volume procurement and end to end technical support. In the recently acquired infrastructure business, the Company offers execution of turnkey FGD systems for power & industrial boilers, bulk material handling systems and electrification projects 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.

Ducon Infratechnologies Limited closed 20.00% down at Rs 22.80

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