Ion Exchange shares jumped more than 6% in morning trade after the company received contracts worth approximately Rs 161.19 crores from Adani Power Limited.
The contracts include the supply of water and environment management solutions for Adani Power’s power projects in Raipur and Raigarh. These solutions address the utility and process needs of two 800 MW units at each location.
The projects have to be completed within the eighteen months following the dates of their respective award dates. The work includes Engineering, Procurement and Construction (EPC) for water and environment management systems.
As of 9:28 am, Ion Exchange shares were trading 5.93% higher at Rs 685.50 on the NSE.
