Water Treatment Company Bags Rs 503 Crore International Order from Hyundai Engineering; Share Price Jumps 17%

On Friday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index closing in the green. Amid the broader market strength, Ion Exchange (India) shares jumped 17 per cent to Rs 472.15. The stock touched an Intraday high of Rs 479.40 and a low of Rs 404.90. Trading activity also witnessed a sharp spike, with 10.85 lakh shares changing hands compared with the 30-day average volume of 1.02 lakh shares, reflecting strong investor interest following the company's latest international order win.

Ion Exchange Bags Rs 503 Crore International Order

Ion Exchange (India) Ltd has secured an international contract from Hyundai Engineering & Construction Co., Ltd, one of South Korea's leading engineering and construction companies, for the supply of filtration units in the Middle East.

The contract is valued at USD 52.83 million, equivalent to approximately Rs 503 crore, and is scheduled to be executed over 18 months. The order strengthens the company's international Order Book and reinforces its presence in the Middle East, a key market for water treatment and filtration infrastructure.

Strengthens Presence in the Middle East

The Middle East remains one of the largest markets for water treatment and desalination projects due to its limited freshwater resources and growing industrial water demand. The latest order highlights Ion Exchange's capabilities in supplying advanced filtration solutions for large-scale infrastructure projects and further strengthens its international business portfolio.
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About Ion Exchange (India)

Ion Exchange (India) Ltd is one of India's leading water and environment management companies, providing comprehensive solutions across water treatment, wastewater recycling, filtration systems, ion exchange resins and specialty chemicals. The company serves industries including power, oil & gas, pharmaceuticals, food & beverages, infrastructure and municipal utilities across India and overseas.

Its international operations span the Middle East, Africa, South Asia and Southeast Asia, with filtration and water treatment systems forming a key part of its offerings for industrial and municipal projects.

What are your views on Ion Exchange's latest international order win? Share your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.