Ion Exchange launches ANDICOS waste to energy plant in Hyderabad
Leading environment management company, Ion Exchange commissioned the country's first ANDICOS waste to energy production system in Hyderabad, Telengana.
This ANDICOS waste to energy system is set up at Akshaya Patra kitchen in Hyderabad.
Built in collaboration with European companies Europem and VITO, ANDICOS integrates state-of-the-art technologies. The technologies include INDION IPC MBR and INDION advanced bio-methanation process. The ANDICOS system extracts purified water, energy and organic fertiliser from waste. The system can be easily custom-built according to the specification of industries or municipalities.
Ion Exchange has a diversified product range. It offers one-stop water treatment solutions and is engaged in the manufacture ion exchange resins and speciality chemicals for water and wastewater treatment. The company also provides treatment solutions for non-water applications. On the results front for the December quarter FY18, the company reported revenue of Rs. 242.94 crore as compared to Rs. 217.08 crore in the September FY18. The company registered a net profit of Rs. 8.85 crore as compared to Rs. 7.92 crore in the September FY18.
On Wednesday, the stock of Ion Exchange closed at Rs. 497.65 per share, up by Rs. 23.25 or 4.90 per cent.