Rs 2,711 crore order book: Small-cap company receives orders worth Rs 205 crore from Rayzon Energy & INOX Solar

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Rs 2,711 crore order book: Small-cap company receives orders worth Rs 205 crore from Rayzon Energy & INOX Solar

The stock is up by 26 per cent from its 52-week low of Rs 331.25 per share and gave multibagger returns of over 1,100 per cent in a decade.

Ion Exchange (India) Limited, a Small-Cap company, has secured contracts aggregating to approximately Rs 205 crore from two domestic entities: Rayzon Energy Private Limited and INOX Solar Limited. These contracts are for supplying and executing Ultra-Pure Water systems, Effluent Treatment Plants (ETP), and Zero Liquid Discharge (ZLD) infrastructure for Ultrapure water and Waste water treatment projects. These systems are crucial for water conservation and environmental compliance in industrial processes.

The contract from Rayzon Energy Private Limited is valued at approximately Rs 95 crore. It is for the Process & Utility requirements, specifically an Ultra-Pure Water system / ETP / ZLD for their 5.1 GW PV Solar project located at Kathwada Village, Surat (Gujarat). The contract from INOX Solar Limited is valued at approximately Rs 110 crore and covers Engineering, Procurement & Construction of Ultrapure water generation, wastewater treatment systems, and Zero liquid discharge for a solar cell facility in Odisha. The execution timeline for these contracts is set to be completed within 9 months and 10 months, respectively, from the Project Award Date.

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About the Company

Ion Exchange (India) Ltd. is a leading water and wastewater treatment company with over 50 years of experience. They offer a wide range of solutions for various industries, institutions, homes, and communities, including pre-treatment, process water treatment, wastewater treatment, recycling, zero liquid discharge, sewage treatment, packaged drinking water and seawater desalination. The company has completed over 100,000 installations worldwide and is a pioneer in water and environmental solutions.

The company has a market cap of over Rs 5,900 crore and as of September 30, 2024, the company’s Order Book stands at Rs 2,711 crore. The shares of the company have an ROE of 19 per cent and an ROCE of 22 per cent. The stock is up by 26 per cent from its 52-week low of Rs 331.25 per share and gave multibagger returns of over 1,100 per cent in a decade.

Disclaimer: The article is for informational purposes only and not investment advice.