Ion Exchange (India) Limited receives EPC projects valued Rs. 1000 crores

Ion Exchange (India) Limited has received Letter of Award and Contract from State Water Supply and Sanitation Mission, Namami Gange and Rural Water Supply Department under Jal Jeevan Mission for two EPC projects, for survey, design, preparation of Detailed Project Report (DPR), supply, construction and commissioning of water treatment plant and O&M for 10 years for rural drinking water supply to 1000 villages in two districts of Uttar Pradesh i.e. Varanasi and Aligarh. The value of these two projects is expected to be approximately Rs. 1000 crores, specific value will be determined after approval of DPR. The project is to be constructed and commissioned within 21 months from the date of signing of the contract.

Shares of ION EXCHANGE (INDIA) LTD. was last trading in BSE at Rs.2036.2 as compared to the previous close of Rs. 1696.85. The total number of shares traded during the day was 558398 in over 14476 trades.

The stock hit an intraday high of Rs. 2036.2 and intraday low of 1830. The net turnover during the day was Rs. 1103939198.

Source : Equity Bulls

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