Ion Exchange (India) Ltd Share Price – NSE  /  BSE

Capital Goods-Non Electrical Equipment, Small Cap

Ion Exchange (India) has been awarded a Contract from Material Construction, UAE for Engineering, Manufacturing, Delivery to site, supervision of erection, commissioning and start-up of Desalinated water unit for a project in North Africa at a contract value of Rs 250.65 croreexcluding VAT and other taxes. The project is to be completed within 7 months from the date of approval of Engineering.

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Ion Exchange (India) has been awarded a Contract from Maaden, Saudi Arabia, one of the biggest mining companies for setting up of Water Treatment Plant including Demineralization plant at a contract value of Rs 120 crore approx. The project is to be completed within 1 year from the date of Letter of Acceptance.

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The company will set up water treatment plant including demineralization plant for approximately Rs 120 crore.

The time period for completion of the project is 1 year from the date of letter of acceptance.

Ion Exchange (India) is engaged in water and environment management business. The company offers products, including ion exchange resins, water treatment plants and chemical additives. The firm's segments are engineering, chemicals and consumer products.

The company’s consolidated net profit fell 1.22% to Rs 47.46 crore on 8.14% increase in revenue from operations to Rs 553.85 crore in Q3 FY24 over Q3 FY23.

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Ion Exchange (India) has received the approval of t National Company Law Tribunal, Mumbai Bench vide its order dated 21 February 2024 for scheme of amalgamation of wholly owned subsidiaries viz. Global Composites and Structurals and Ion Exchange Environment Management with Ion Exchange (India).

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