Shares of Ion Exchange surged by more than 2% in the morning trade after the company received an order worth Rs 168 crore from Technimont SpA, Italy.
Ion Exchange informed exchanges that Technimont SpA, Italy, awarded the company a contract for De-Oiling, Demineralization and Condensate Poly Unit Packages for ADNOC’s Hail and Ghasha Development Project in the United Arab Emirates. The contract is estimated to be valued at Rs 168 crores. The projects must be completed within 61 weeks after their Project Award dates.
Ion Exchange stock opened at Rs 677.00, up from the previous close of Rs 665.05. During the trading session, it reached a high of Rs 688.00 and a low of Rs 671.05.
As of 9:36 am, Ion Exchange shares were trading 1.79% higher at Rs 676.95 on the NSE.
