Rs 3,394 crore order book: Wastewater and environment management company bags new order worth Rs 161.19 crore from Adani Power Ltd

The stock is up by 60 per cent from its 52-week low of Rs 407 per share and gave multibagger returns of over 200 per cent in 2 years.

Ion Exchange (India) Limited has secured significant contracts from Adani Power Limited for comprehensive water and environmental management solutions. These contracts, valued at approximately Rs 161.19 crore, encompass the engineering, procurement and construction of total water and environment management systems for two 800 MW units at the Raipur and Raigarh Ultra Super Power Projects. The projects are slated for completion within 18 months from the date of contract award. This domestic contract underscores Ion Exchange's expertise in providing tailored solutions to meet the complex water and environmental needs of large-scale industrial projects.

Earlier this year, Ion Exchange (India) Limited was awarded contracts from Technimont SpA, Italy, for the supply of De-Oiling, Demineralization, and Condensate Poly Unit Packages. These contracts, valued at approximately Rs 168 crore, were secured for the Hail & Ghasha Development Project of ADNOC in the UAE. The projects are scheduled to be completed within 61 weeks from the date of contract award. This international contract highlights Ion Exchange's capabilities in providing advanced water treatment solutions to meet the stringent requirements of global energy projects.

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 9,400 crore and as of June 30, 2024, the company’s order book stands at Rs 3,394 crore. The shares of the company have an ROE of 22 per cent and an ROCE of 28 per cent. The stock is up by 60 per cent from its 52-week low of Rs 407 per share and gave multibagger returns of over 200 per cent in 2 years. Investors should keep an eye on this small-cap stock.

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