CORRECTING and REPLACING Ducon Gets Another FGD Contract in India

Enters into an Agreement with Wienerberger India for a Dry FGD System

CORRECTION...by Ducon Technologies India

THANE, India--()--Please replace the release dated December 7, 2016 with the following corrected version due to multiple revisions to the second paragraph.

The corrected release reads:

DUCON GETS ANOTHER FGD CONTRACT IN INDIA

Enters into an Agreement with Wienerberger India for a Dry FGD System

Ducon Technologies India (“DTIPL”), a Ducon group company under amalgamation with Ducon Infratechnologies Limited (BSE:534674, NSE:DUCON) today announced its contract with Wienerberger India. Wienerberger is a wholly owned subsidiary of Wienerberger AG -the world's largest producer of ceramic building products.

Wienerberger India has been complying with the present local pollution norms set forward by the Karnataka State Government, as far as emissions of both Particulate matter (SPM) and Sulphur Di Oxide (SO2) in concerned. But in their endeavor to proactively upgrade their systems to meet the stringent European pollution control norms, and in keeping with their production units in Europe, they have decided to invest in Ducon’s FGD technology.

As per the terms of the contract, DTIPL will install Ducon’s proprietary Dry FGD (Flue Gas Desulfurization) systems to remove SPM and other toxic components and has already commenced the engineering process and is expected to establish this facility within the contractual execution period which is in FY17.

Commenting on the development, Mr. Aron Govil, Chairman of Ducon group said, “We are happy to partner with Wienerberger in India in their important decision. With our established proprietary technology and execution capabilities in FGD, we should be able to execute this contract on the committed lines.”

He further added,As we have maintained in the past, India offers a tremendous potential for FGD systems given its higher dependency on coal and oil for power generation and the changing regime towards pollution control.”

Disclaimer: Certain statements in this news release 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 hazards, 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.

Contacts

Ducon
Ron Kumar, +1-631-694-1700
rkumar@ducon.com

Contacts

Ducon
Ron Kumar, +1-631-694-1700
rkumar@ducon.com