Plants delivery in two months

Ducon Combustion Equipment Inc has received new orders of Rs.52 crores for two 50 MW packaged cogeneration plants from a major South Korean EPC company during the month of June 2018.

The orders will be delivered in the next two months, said parent company Ducon Infratechnologies Limited (BSE:534674, NSE: DUCON) in a statement on 4 July 2018.

The company had set up the subsidiary last December to supply packaged boilers, cogeneration plants and heat recovery systems to clients worldwide.

“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,” said Ducon chairman Aron Govil.

“Our goal here is to have consistent on-going business which will supplement our existing growing business in India,” he stressed.

Ducon is a technology company based in India for providing solutions in the Industrial, infrastructure & digital space to multiple business segments across varied industries. fiinews.com