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Ion Exchange and Company LLC was awarded the contract by Petroleum Development Oman for a design, build, own, operate, and maintain agreement covering a potable water facility and sewage treatment facility. Shares of Ion Exchange (India) Ltd ended at ₹386.90, up by ₹4.05, or 1.06%, on the BSE today, February 10.
Water treatment and environment management company Ion Exchange India Ltd on Tuesday (February 10) said its subsidiary, Ion Exchange and Company LLC, has been awarded a contract by Petroleum Development Oman for a design, build, own, operate, and maintain agreement covering a potable water facility and sewage treatment facility in the South PDO Concession Area.
The contract, valued at OMR 73.46 million (approximately ₹1,730 crore) over a period of 20 years, will be executed by the subsidiary based in Oman. The order was awarded by an international entity, Petroleum Development Oman, and does not involve any interest from the promoter, promoter group, or group companies.
Last year in December, ION Exchange India said it had secured contracts worth about ₹205 crore from Rayzon Energy Private Ltd and INOX Solar Ltd for the supply and execution of ultra-pure water and wastewater treatment systems for solar manufacturing projects.
Also Read: Ion Exchange gains 4% on bagging ₹251-crore order from UAE
The contract, awarded by Rayzon Energy, and valued at approximately ₹95 crore, is for process and utility systems, including ultra-pure water systems, effluent treatment plants (ETP) and zero liquid discharge (ZLD) facilities for its 5.1 GW photovoltaic solar project at Kathwada village near Surat, Gujarat.
Meanwhile, INOX Solar Limited has placed an order worth around ₹110 crore with ION Exchange for the engineering, procurement and construction (EPC) of ultra-pure water generation, wastewater treatment and zero liquid discharge systems for a solar cell manufacturing facility in Odisha.
Both orders have been awarded by domestic entities and are scheduled to be executed within nine months and 10 months, respectively, from the date of award, the company said in a regulatory filing. The combined value of the contracts stands at approximately ₹205 crore.
Also Read: ION Exchange board approves stock split in 1:10 ratio, shares rise
Shares of Ion Exchange (India) Ltd ended at ₹386.90, up by ₹4.05, or 1.06%, on the BSE today, February 10.
(Edited by : Shoma Bhattacharjee)
First Published:
Feb 10, 2026 8:59 PM
IST
