Ducon Infratechnolgies bags order worth Rs 125-150cr from NALCO

2 Feb 2022 , 11:41 AM

Ducon Infratechnologies Limited, India’s leading Fossil Fuel/Coal Clean Technology Company, has announced that the company has bagged projects in its Bulk Material Handling Segment from National Aluminium Company (NALCO), a Central Government Enterprise and a Navaratna.

Ducon will take on Lumpsum Turnkey projects with its astonishing technology for Alumina Handling & Wagon Loading package at NALCO Damanjodi Refinery and Alumina Handling Package at Vizag Port. The order is expected to generate revenue between Rs 125-150 crore for the company. Ducon has been associated with NALCO since 2002 and has undertaken multiple projects for the company. Additionally, Ducon is already in the process of executing a project at NALCO’s Aluminium Smelter at Angul, Orissa, this being the Second Alumina Handling Project for Ducon in the current financial year.

“We are delighted to work with NALCO on executing this order. India is witnessing across the board expansion in Indian Alumina Companies/capacities and Ducon is a leader in Alumina Handling/Wagon Loading technologies/expertise and is well poised to leverage its experience and execution capability to see a significant scale in orders and order size going forward,” commented Aron Govil, CMD of Ducon on the order.

He further added that Ducon is already executing an Alumina Handling Package for Vedanta Limited for its Lanjigarh Alumina Refinery. DUCON is credited with installation of India’s Largest Material Handling system in an Aluminium Smelter at Aditya Aluminium Unit of Hindalco Industries Ltd, Sambhalpur, Orissa, and the company is uniquely positioned to leverage India’s world-leading efforts in Clean Coal Technologies/FGD (Flue Gas Desulfurization) and Green Coal Projects and significant expansion in Smelter capacities across the board.

Ducon Infratech is currently trading at Rs22.80 up by Rs1.05 or 4.83% from its previous closing of Rs21.75 on the BSE.