NEW YORK, NY / ACCESSWIRE / March 28, 2019 / Ducon Technologies Inc. (”Ducon USA”) announced today that it will place an order to procure certain proprietary equipment and detailed engineering with Ducon Infratechnologies Ltd. (BSE: 534674, NSE: DUCON) (”Ducon Infra”), Thane, India, for its recently announced 2×300 MW FGD order in China. The approximate value of this order will be INR 38cr.
Ducon Infra acquired the seawater FGD, limestone FGD and Dry FGD technologies from Ducon USA, under a seven-year technology license agreement that ended in 2013. Ducon Infra is the only company in India that has successfully operating seawater and Limestone FGD systems on power plants for more than 8 years. Ducon Infra has a sweater FGD on a 500 MW power plant in Dahanu, Maharashtra since 2007, and a limestone FGD system on a 2x600MW power plant in Udupi, Karnataka since 2009.
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Disclaimer: This press release contains forward-looking statements which are based on information available to the Company as of the date of this report and are based on management’s current views and assumptions. These forward-looking statements are conditioned upon and also involve a number of known and unknown risks, uncertainties, and other factors that could cause actual results, performance or events to differ materially from those anticipated by these forward-looking statements. Such risks, uncertainties, and other factors may be beyond the Company’s control and may pose a risk to the Company’s operating and financial condition. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. 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.
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