Big Brokerage House Report Highlights Material FGD Opportunities for Ducon

THANE, India–(BUSINESS WIRE)–Ducon Technologies India Pvt Ltd & Ducon Infratechnologies Limited.
(“Ducon”) (BSE:534674, NSE: DUCON), announced today that a recent
Motilal Oswal report titled “Emission Control equipment orders to
finally kick start” mentions material opportunities for new FGD projects
for Ducon. The report highlights potential FGD system opportunities in
the next five years as a result of compliance with the new emission
norms for the 195 GW of coal fired plants in India.

The report mentions that the Central Electricity Authority (CEA) has
worked out an implementation plan by December 2022 based on discussions
with individual power plants and that they expect orders to pick up
significantly over the next 2 -3 years, as 2-2.5 years would be required
for these projects to be executed to meet the implementation deadline of
December 2022. The report indicates FGD system opportunities on 196 GW
from the retrofit of existing power plants and 165 GW from the new
plants, all of whom have agreed to the implementation timeline with the
CEA by December 2022 with an estimated capex of INR 8.8-12.8 million/MW
by the CEA. The report continues to detail that the each qualified FGD
bidders stand to get around INR 13,000 crores of FGD orders over the
next five years.

Ducon has established credentials in the FGD sector since, the Company
has already commissioned a 500 MW Seawater FGD for Dahanu Power Plant in
2007 and a 2×600 MW limestone FGD for Udupi power plant in 2010. Ducon
also supplied a 3×250 MW limestone FGD to NTPC/BHEL in 2011. All these
FGD projects were secured by Ducon through global tender’s due to its
advanced technologies offered at the lowest cost.

The FGD technologies available with Ducon are its own and these were
secured through a seven-year (2006-2013) technology licensing agreement
with Ducon Technologies Inc., USA. (Ducon USA). Ducon USA has been in
business since 1938, has over 30 patents to its credit, and has provided
FGD systems for over 40,000 MW power generating plants all over the
globe. As a result of this earlier technology transfer agreement, Ducon
does not need to partner with an overseas technology company now to bid
for these FGD projects and pay royalties.

“Ducon is the only company in India that has working limestone FGD
installations and stands tall when compared to other FGD bidders”, said
Mr. Aron Govil, Chairman & MD of Ducon.

“We are in an enviable position and thus extremely confident of securing
several of these orders in the coming years.” continued Mr. Govil.

About Ducon Infratechnologies Limited

Ducon Infratechnologies Limited (BSE: 534674, NSE: DUCON) is an emerging
technology company based in India for providing solutions in the
Industrial, infrastructure & digital space to multiple business segments
across varied industries. In the digital space, Ducon offers
distribution services to its clients related to marketing initiatives,
distribution, volume procurement and end to end technical support. On
the infrastructure sector, it intends to offer complete solutions
including execution of turnkey projects in rural electrification,
environmental control & material handling areas 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.

Disclaimer: Certain statements in this document that are not
historical facts are forward looking statements. Such forward-looking
statements are subject to certain risks and uncertainties like
government actions, local, political or economic developments,
technological risks, and many other factors. that could cause actual
results to differ materially from those contemplated by the relevant
forward-looking statements. The Company will not be in any way
responsible for any action taken based on such statements and undertakes
no obligation to publicly update these forward-looking statements to
reflect subsequent events or circumstances.

Contacts

Ducon:
Harish Shetty, Director
[email protected]
or
Darshit
Parikh, Company Secretary
[email protected]
or
Christensen
Investor Relations:
Binay Sarda
[email protected]