Ducon Infratechnologies Limited — Capital/Financing Update 2021

Jul 8, 2021

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Date: 08.07.2021

To

BSE Limited National Stock Exchange of India Limited P J Towers, Dalal Street, Exchange Plaza, Mumbai-400001. Bandra Kurla Complex, Bandra (East), Script Code - 534674 Mumbai – 400051 - Symbol DUCON

Sub: Press Release

Please find the enclosed herewith the Press Release for Collaboration of Ducon and an EPC Organisation emerges as L-1 for 2 x 195 MW NTPC FGD package.

This is for your information and record

Thanking you,

Yours faithfully,

For Ducon Infratechnologies Limited,

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Darshit Parikh Company Secretary

Encl: As above

WWW.DUCONINFRA.CO.IN | BSE: 534674 NSE: DUCON | CIN:L72900MH2009PLC191412 | BLOOMBERG: DUCON:IN|SECTOR: ENGINEERING - HEAVY

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Collaboration of Ducon and an EPC Organisation emerges as L-1 for 2 x 195 MW NTPC FGD package

Thane India, July 08, 2021: Ducon Infratechnologies Limited (BSE:534674, NSE: DUCON), (“Ducon Infratechnologies”) one of the leading EPC (Engineering, Procurement and Construction) companies announced that in a reverse auction conducted for Flue Gas Desulphurization System (FGD) packagefor Muzaffarpur Thermal Power Station, Stage – II ( 2 x 195 MW), Kanti, Bihar by NTPC Limited, where Ducon’s proven Wet Limestone FGD technology would be deployed, its partner EPC Organization, has emerged as the lowest bidder (L-1).

Ducon opted to bid this project in collaboration with an EPC partner in order to optimize its available resources on the maximum number of FGD packages. Ducon Infratechnologies would be supporting Ducon US and would be extensively involved in the execution of the project from concept to commissioning. The anticipated value of the order for Ducon Infratechnologies is in the range of INR 100 – 150 Crore. This is the Second consecutive FGD project of NTPC for Ducon , the first being Barauni Thermal Power Project, Stage II (2 x 250 MW), Barauni which was bid directly by Ducon Infratechnologies and emerged as L-1 for an Order in the range of INR 500 – 600 Crores.

The Company has already bid several other FGD projects and expects to know their outcome in the coming months. The Company continues to be actively involved in bidding on both FGD (Flue Gas Desulfurization) and MHS (Material Handling System) projects. In the case of FGD Projects, the company is bidding directly as well as jointly with other EPC companies and remains hopeful to win some more of these projects as and when they are decided.

About Ducon Infratechnologies Limited

Ducon Infratechnologies Limited (BSE: 534674, NSE: DUCON) is one of the leading EPC (Engineering, Procurement and Construction) in India providing turnkey solutions in the Industrial and infrastructure space to multiple business segments across varied industries. The Company is diversified into FGD systems, bulk material handling systems, Electrification, and infrastructure markets. In the FGD sector, Ducon is regarded as the pioneer as it has installed India’s first Sea Water FGD system with 100% of flue gas for 2 x 250 MW Dahanu Thermal Power Station for Reliance Energy Ltd, Dahanu, Maharasthra, India. Ducon is also credited with providing India’s first Wet Limestone FGD system on coal fired power plant

Ducon Infratechnologies Limited, Ducon House, Road No 1, MIDC, Wagle Estate, Thane West, Maharashtra- 400604

WWW.DUCONINFRA.CO.IN | BSE: 534674 NSE: DUCON | CIN:L72900MH2009PLC191412 | BLOOMBERG: DUCON:IN|SECTOR: ENGINEERING - HEAVY

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with production of saleable Gypsum for 2 x 600 MW Udupi Thermal Power Station, Karnataka, India. The Company is led by a team of young and dynamic professionals with technical, marketing and sales knowhow and has an objective to become a leading solution provider in the infrastructure business sector.

If you have any questions or require further information, please feel free to contact:

Ducon:

Darshit Parikh (Company Secretary), cs@duconinfra.co.in

Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors. that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. 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.

Ducon Infratechnologies Limited, Ducon House, Road No 1, MIDC, Wagle Estate, Thane West, Maharashtra- 400604