Thane group works on technology as market develops
Ducon Infratechnologies Ltd’s (NSE: DUCON) early investments in solvent-based carbon capture R&D are gaining strong policy validation following the Union Budget 2026–27, in which the Government of India proposed an outlay of Rs.20,000 crore over the next five years for Carbon Capture, Utilization and Storage (CCUS) technologies to scale up deployment and accelerate readiness in end-use applications.
Ducon had initiated its solvent-based carbon capture R&D program in September 2025, well ahead of this policy announcement, reflecting a forward-looking strategy aligned with India’s long-term decarbonization needs.
The Ducon program focuses on developing proprietary solvent systems for post-combustion carbon capture, supported by structured experimentation, process modelling, and pilot-scale validation.
“The scale and duration of the Government’s CCUS commitment clearly signal that carbon capture will become an integral part of India’s industrial framework,” said Aron Govil, CMD of Ducon Infratechnologies Ltd.
“By investing early in solvent-based carbon capture R&D, Ducon has focused on preparedness rather than reaction. This policy momentum strengthens our conviction and supports our objective of serving as a long-term technology and engineering partner as this market develops,” Govil said in a statement on 2 Feb.
A significant market opportunity
India’s decarbonization roadmap points to growing deployment of CCUS across cement, steel, refining, chemicals, and power generation, where large brownfield assets limit emission-reduction options. With continued reliance on coal- and gas-based power for grid stability, the addressable market for carbon capture systems, integration services, and long-term operations is substantial.
The Indian carbon capture and storage market is projected to grow at a CAGR of around 10.3% from 2025 to 2030, supported by tightening emission norms, the development of an Indian Carbon Market, and now direct fiscal backing through the Rs.20,000 crore allocation.
Value for investors
Ducon expects its early R&D initiative to support long-term value creation through:
Technology differentiation via proprietary solvent systems and process know-how;
Engineering and lifecycle services, including EPC, operations, maintenance, and solvent management;
Strategic optionality as the CCUS ecosystem expands across capture, transport, utilization, and storage.
Synergistic Benefits, since Ducon is already selling FGD systems, adding carbon capture technology to its portfolio provides tremendous synergy as a FGD system is a pre-requisite for implementation of a carbon capture system on many projects.
Ducon views the Government’s CCUS push as a clear validation of its strategic direction, strengthening confidence in the Company’s clean-technology roadmap as India’s carbon capture market moves from intent to execution.
Thane-headquartered Ducon Infratechnologies Ltd is a leading technology EPC company, that provides engineering solutions and technologies for environmental control, clean energy, infrastructure, and process industries. The Company delivers end-to-end capabilities spanning design, supply, installation, and lifecycle services. Fiinews.com
