Company cautiously optimistic
Thane’s Ducon Infra-technologies Limited continues to submit new bids and revise previously submitted proposals for its Flue Gas Desulfurization (FGD) systems required for power plants and industrial boilers.
The company said it is hopeful that some of these bids will soon materialize in firm orders.
However, the industry per se has not witnessed too many orders being placed and hence the build up with respect to orders in this segment continues to be poor.
In its digital & Information technology (IT) business segment, Ducon is selectively focusing on areas in online ecommerce in India and abroad.
The company’s IT business segment currently only deals with network & hardware solutions, marketing initiatives, distribution, volume procurement and end to end technical support.
The proposed move to services and platforms in the IT business is expected to see the company gain traction in this segment by the end of the next fiscal.
Ducon remains cautiously optimistic that the current scenario in the FGD space should definitely see improvement and even an order or two can provide a huge fillip to the revenue and profitability.
Commenting on the occasion, Ducon managing director Aron Govil said: “We remain committed to building a company that would bring technological expertise and experience in areas of industrial, infrastructure and digital space.”
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. fiinews.com
