Ducon Infratechnologies Limited — Important, 06-05-2025: General Updates
06-05-2025 | 07:34 pm
06-05-2025 | 07:34 pm
Ducon Infratechnologies Limited has announced a Rights Issue to raise up to ₹49.5 Cr, mainly to boost working capital (₹33.5 Cr) and support corporate expenses (₹11.5 Cr). The company’s core EPC business focuses on FGD systems for coal-based power plants, benefiting from mandatory emission reduction orders. FY24 consolidated revenue rose to ₹419.5 Cr with PAT at ₹7.6 Cr, up from ₹396.1 Cr and ₹4.1 Cr in FY23. Recent diversification includes rural electrification, AI security, and aerospace engineering. Promoter may partially renounce rights, subject to minimum subscription.
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