Ducon Infratechnologies is a technology-driven industrial EPC (engineering, procurement, construction) company that builds the systems keeping heavy industry’s exhaust clean and its raw materials moving - a niche carved out over 35 years by its founder, Arun Govil, who grew it from a one-man operation into a listed enterprise. Its recurring approach is to bring proprietary, proven equipment - often first-of-their-kind in India - to emission-control and material-handling projects, then bid alongside larger EPC firms to execute at scale. That formula, anchored in Flue Gas Desulphurization and bulk handling, is now being extended into digital energy optimisation and early-stage green technologies. # Business segments Two core engines drive the business - a pioneering emission-control franchise built on regulation and proprietary technology, and a material-handling backbone that serves India’s aluminium, power, and steel giants - while a digital platform and a cluster of early-stage green-technology bets are being layered on top. ## 1. Flue Gas Desulphurization: the regulation-powered pioneer **Ducon is India’s original FGD installer, with proprietary scrubbing technology and a track record of national firsts, competing for a market where less than 5% of the country’s coal-power capacity has yet installed the systems the law now demands.** - **First-mover in every major technique** - it delivered India’s first seawater FGD (at Dahanu), first wet-limestone FGD with saleable gypsum (at Udupi), first dual-alkali scrubber, and first FGD on a glass furnace, giving it a reference list no local rival can match. - **Proprietary hardware inside the turnkey package** - for wet scrubbing it can deploy its own Ventri-Rod Absorber (VRA™), and for dry scrubbing its two-fluid nozzle DRX-25, so the process design and key internals are Ducon IP rather than bought-in components. - **The regulation is the demand engine** - the environment ministry’s 2015 notification made FGD compulsory on coal plants, and a 2022 follow-up set staggered deadlines through December 2026, with non-compliant units facing retirement; yet of India’s 2,07,045 MW of coal and lignite capacity, only 9,280 MW had FGD fitted as of the latest filing. - **Bids with giants, executes with its own know-how** - on large power-plant tenders it jointly bids with leading EPC organisations, while its US affiliate Ducon Technologies Inc. brings global credentials, and Ducon Infratechnologies provides the execution expertise from concept to commissioning. - **After the project, the parts business** - once an FGD system is running, it generates recurring revenue from reagents and replacement wear parts such as pump impellers, nozzles, valves, and filter belts. ## 2. Dry Bulk Material Handling: the heavy-industry backbone **Ducon designs and installs the conveyors, silos, and pneumatic pipelines that unload, store, and move raw materials inside India’s largest aluminium, power, and steel plants - and almost every alumina refinery and smelter in the country has at least one Ducon system.** - **Proprietary conveying systems that reduce wear** - its DU-PUMP dense-phase pneumatic system moves powdery materials like cement, fly ash, and alumina at low velocity and high air-to-solid ratios, which means less erosion of pipes and bends over time. - **Fluidised extraction from flat-bottom silos** - the DU-SILO Fluidizer uses reverse fluidised cones and sequenced air slides to systematically pull material out of silos, avoiding the dead zones that plague conventional gravity extraction. - **Credentialed at the country’s biggest metal plants** - it built India’s largest material-handling system at Hindalco’s Aditya Aluminium smelter and the first pipe conveyor in the Indian aluminium industry at Hindalco’s Mahan and Aditya units, earning repeat orders from customers including Vedanta, Nalco, Balco, IOCL, and SAIL. - **Sensors now watch the stockpiles** - the company has integrated IoT-enabled monitoring into its dry bulk storage systems, using sensor networks to track temperature, humidity, material levels, and structural integrity remotely. ## 3. iQ Energy AI: the digital layer on top of the plant **A recently launched AI platform that sells predictive maintenance and efficiency optimisation to power utilities and energy-intensive factories - turning Ducon’s installation footprint into a recurring software and services relationship.** - **Predicts before it breaks** - the iQ Energy AI platform, launched in October 2025, uses predictive maintenance, efficiency optimisation, and probabilistic load forecasting to help power plants and industries such as chemicals, steel, and cement maximise output. - **Plugs into what the customer already runs** - it offers cloud, hybrid, and on-premises deployment with open APIs that integrate with existing CMMS, SCADA, and DCS systems, so the plant does not need to rip out its control infrastructure. - **Targets the data-centre power squeeze** - the platform is pitched at utilities managing rising demand from AI-driven data centres and industrial loads, positioning it against a structural growth in electricity consumption. ## 4. Emerging green and advanced engineering bets **A portfolio of early-stage initiatives - green hydrogen electrolyser R&D, aerospace fluid-control components, carbon-capture research, and AI-based security surveillance - each built through a partnership, an R&D investment, or a corporate charter amendment, and none yet at commercial scale.** - **Green hydrogen via a US subsidiary** - the wholly owned Ducon Combustion Equipment Inc. houses a division called Hydrofule, set up in June 2022, which is conducting R&D on a large-scale electrolyser designed to work with solar energy and achieve at least 70% conversion efficiency. - **Rocket propulsion through a German partnership** - an MoU signed in February 2024 with Germany’s deltaVision GmbH covers co-development and domestic manufacturing of fluid-control products for rocket fuel propulsion and hydrogen fuel delivery systems, and the company amended its charter in September 2024 to permit aerospace engineering, including satellite launch vehicles and spacecraft. - **Carbon capture ahead of policy** - Ducon invested early in solvent-based carbon-capture R&D, and the government’s subsequent INR 20,000-crore CCUS allocation now provides a policy tailwind for that work. - **Security surveillance under the Vicon brand** - it provides end-to-end video security solutions using AI-based and NDAA-compliant Vicon cameras, targeting government departments, PSUs, and large corporates in India. # Group structure and partners **A lean, founder-led Indian listed company with a US subsidiary that doubles as its green-hydrogen lab, an American affiliate that bolsters its FGD bidding, and a procurement network stitched across India’s steel-fabrication hubs.** - The parent, Ducon Infratechnologies Ltd, is listed on BSE and NSE and operates from Thane, Maharashtra, with Arun Govil as Chairman and Managing Director. - Its wholly owned material subsidiary, Ducon Combustion Equipment Inc., was incorporated in New York in 2017 and sells combustion and power products alongside housing the Hydrofule electrolyser R&D division. - The affiliate Ducon Technologies Inc., USA - part of the broader Ducon Group chaired by Arun Govil - jointly bids for FGD projects with leading EPC organisations in the Indian subcontinent, bringing global credentials to local tenders. - The company carries only 60 permanent employees, relying on a procurement model that sources equipment directly from manufacturers, fabricated materials from steel-hub fabricators in Rourkela, Bokaro, and Haldia on open credit, and lump-sum contracts for tools and tackles.