Ion Exchange zooms on receiving LoA from Indian Oil Corporation
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Ion Exchange (India) is currently trading at Rs. 2803.00, up by 108.15 points or 4.01% from its previous closing of Rs. 2694.85 on the BSE.
The scrip opened at Rs. 3040.95 and has touched a high and low of Rs. 3040.95 and Rs. 2687.60 respectively. So far 4639 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3055.00 on 07-Dec-2022 and a 52 week low of Rs. 1500.70 on 29-Jul-2022.
Last one week high and low of the scrip stood at Rs. 3040.95 and Rs. 2431.10 respectively. The current market cap of the company is Rs. 4081.66 crore.
The promoters holding in the company stood at 26.99%, while Institutions and Non-Institutions held 12.25% and 60.76% respectively.
Ion Exchange (India) has received a Letter of award (LoA) from Indian Oil Corporation (IOCL), for the work of Water Treatment Plant including Reverse Osmosis, Demineralization Plant, Condensate Polishing Unit, Zero Liquid Discharge Plant and Operation and Maintenance for two years and Annual Maintenance Charges for five years for their Panipat refinery capacity expansion project (P-25) at Panipat, Haryana, India at a contract value of Rs 726.13 crore plus GST. The project is to be commissioned within 24 months from the date of Letter of Acceptance.
Ion Exchange (India) pioneered water treatment in India and is the country's premier company in water and environment management, with a strong international presence.
