Stocks

₹439-cr order may add strength to Ion Exchange

| Updated on August 16, 2018 Published on August 16, 2018

 

Ion Exchange (India) has signed a contract for engineering, procurement, supply and construction of water treatment plant worth ₹438.84 crore.

The company has received the order from Cairn Oil & Gas, a division of Vedanta. Shareholders will closely monitor the execution of the project. For the quarter ended June 2018, Ion Exchange had posted a net profit of ₹10.90 crore (₹7.29 crore during the year-ago period) and revenues of ₹205.55 crore (₹208.05 crore).

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Published on August 16, 2018
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