Ion Exchange India shines on bagging contract of Rs 343.36 crore
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Ion Exchange (India) is currently trading at Rs. 2880.55, up by 88.40 points or 3.17% from its previous closing of Rs. 2792.15 on the BSE.
The scrip opened at Rs. 2856.10 and has touched a high and low of Rs. 2924.85 and Rs. 2856.10 respectively. So far 2399 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,924.85 on 05-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. 2924.85 and Rs. 2600.00 respectively. The current market cap of the company is Rs. 4095.15 crore.
The promoters holding in the company stood at 27.01%, while Institutions and Non-Institutions held 11.53% and 61.46% respectively.
Ion Exchange (India) has been awarded a contract by Indian Oil Corporation (IOCL) for Designing, Engineering, Manufacturing, Supply, Erection, Testing, Pre-commissioning, Commissioning, Performance Guarantee Test Run and Operation & Maintenance for five years of Zero Liquid Discharge plant at Panipat Refinery at a contract value of Rs 343.36 crore including GST. The project is to be commissioned within 16 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.
