Ion Exchange Secures ₹1,730-Cr Contract for Water Facilities from Petroleum Development Oman
Ion Exchange's subsidiary, Ion Exchange and Company LLC, has been awarded a ₹1,730 crore contract by Petroleum Development Oman for a potable water and sewage treatment facility in the South PDO Concession Area. The contract, valued at OMR 73.46 million, spans 20 years. Ion Exchange also secured domestic contracts worth ₹205 crore from Rayzon Energy and INOX Solar for solar manufacturing projects, scheduled for execution within nine and ten months, respectively.
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Ion Exchange and Company LLC has received a ₹1,730 crore contract from Petroleum Development Oman for a 20-year design, build, own, operate, and maintain agreement for potable water and sewage treatment facilities in the South PDO Concession Area. The contract is valued at OMR 73.46 million and excludes any promoter group interest.
Last December, Ion Exchange also secured contracts totaling ₹205 crore from Rayzon Energy for a photovoltaic solar project in Gujarat and INOX Solar for a solar cell manufacturing facility in Odisha, with execution timelines of nine and ten months. Shares of Ion Exchange (India) Ltd rose by 4.25% following the announcement.
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