Net profit of Ducon Infratechnologies rose 500.00% to Rs 0.72 crore in the quarter ended March 2019 as against Rs 0.12 crore during the previous quarter ended March 2018. Sales declined 24.04% to Rs 98.23 crore in the quarter ended March 2019 as against Rs 129.32 crore during the previous quarter ended March 2018.

For the full year,net profit rose 171.67% to Rs 6.33 crore in the year ended March 2019 as against Rs 2.33 crore during the previous year ended March 2018. Sales declined 5.00% to Rs 394.26 crore in the year ended March 2019 as against Rs 415.00 crore during the previous year ended March 2018.

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Ducon Infratechnologies provides an update on its business activities -

The Company continues to monitor the development related to bids submitted in the Flue GasDesulfurization (FGD) systems required for power plants and industrial boilers. The industry has beencautiously evaluating various technologies and the investment needs and hence has not witnessedsignificant flow of awarding of jobs yet as anticipated by the Company.

However, the Company has been bidding for FGD packages on their own as well as with strategicpartners for power and industrial boilers and remains hopeful to win some of the bids as and when theactivity in the space picks up. In recent months the Company has seen significant inflow of inquiries fromprocess boilers that require FGD systems in the non-ferrous sector.

Further, the Company is actively working with customers in securing projects in its legacy businesses ofmaterial handling systems and electrification systems and continues to remain positive in this business.

The company would like to place on record that the company has bid for projects in various states whichare under different stages of finalization. In all the total bids made by the Company for the year ended31 March 2019 stands at approx. Rs 6000 crore.

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Ducon Infratechnologies will hold a meeting of the Board of Directors of the Company on 30 May 2019.

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Ducon Infratechnologies announced that the company received a FGD order from Chloride Metals Ltd, one of India's largest secondary lead smelter and production company for their greenfield lead metal recycling and refining project in Haldia. Under this turnkey order, Ducon will provide a complete air pollution control package including Lime FGD system along with particulate control system which will allow Chloride Metals Ltd to comply with latest global emission standards.Ducon Infratechnologies is an emerging technology company providing solutions in the Industrial, infrastructure & digital space to multiple business segments across varied industries announced its latest FGD order.

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