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Ducon sees FGD-related business opportunity of INR. 10,000 cr to INR 15,000 cr, over the next 3-4 years
Thane India, Jan 13: Ducon Infratechnologies Limited (BSE:534674, NSE: DUCON), (“DUCON”) is increasing its footprint in India’s Flue gas Desulfurization (FGD) market, the Company announced. India has been dependent upon coal-based thermal power generation for its electricity production which significantly contributes to the air pollution. However, recently, India has planned to mitigate the air pollution […]
Thane India, Jan 13: Ducon Infratechnologies Limited (BSE:534674, NSE: DUCON), (“DUCON”) is increasing its footprint in India’s Flue gas Desulfurization (FGD) market, the Company announced.
India has been dependent upon coal-based thermal power generation for its electricity production which significantly contributes to the air pollution. However, recently, India has planned to mitigate the air pollution from all power plants by implementing new emission norms, requiring retrofitting existing coal thermal power plants with equipment to control Sulfur Dioxide (SOx), & Nitrogen Oxides (NOx) emissions by installing equipment such as Flue Gas Desulfurization (FGD) and Selective Catalytic Reduction (SCR) systems respectively. At present out of installed capacity of 211 GW of coal thermal power plants in India, FGD equipment has been ordered only for 87 GW and the remaining 124 GW power plants have yet to order this FGD equipment.
The growing awareness regarding environmental pollution and government’s action to curb the same are driving the growth of FGD market. Ducon being the leading FGD supplier in the Indian market and being the only company to have a successfully operating FGD system installations for more than a decade in India stands to gain tremendously from this potential growth. Among the Company’s many successfully operating FGD installations in India, the notable ones include: (i) 500 MW seawater FGD systems at Dahanu power plant and (ii) 2×600 MW Wet Limestone FGD system at Udupi Power Plant.
