Ducon Infratechnologies Wednesday said it has entered into a strategic partnership with Shapoorji Pallonji group firm Sterling & Wilson to jointly bid for large size Flue Gas Desulfurization (FGD) tenders in India.
"The joint bidding exercise has significantly expanded our financing capabilities to bid successfully for large FGD projects which were earlier not biddable solely by them or us as an individual entity and has created a win-win situation for both the parties," Ducon Infratechnologies said in a regulatory filing.
Sterling & Wilson is an engineering, procurement and construction (EPC) company in the area of renewable energy, construction, and transmission and distribution.
Ducon Infratechnologies said considering the massive influx of FGD tenders, the company had decided to capitalise on the maximum FGD project opportunities by either sole bidding on smaller projects or joint bidding with another reputable EPC company on large FGD projects.
Disclaimer: No Business Standard Journalist was involved in creation of this content