Ion Exchange shares rise after securing Rs 1.68 billion contract

12 Sep 2024 CW Team

Ion Exchange's share price surged by up to 3% on September 9, reaching an intraday high of Rs 685.20 on the BSE. The rise followed the company's announcement that it had secured a work contract worth Rs 1.68 billion from Italy-based Technimont SpA. The contract is part of the Hail & Ghasha Development Project for Abu Dhabi National Oil Company in the UAE, with a completion timeline of 61 weeks from the award date, according to an exchange filing.

In Q1 FY2024-25, Ion Exchange reported a year-on-year revenue increase of 18.67%, totalling Rs 5.79 billion. However, the company saw a 27.5% drop in revenue compared to the previous quarter. Net profit rose by 35.14% year-on-year to Rs 449.6 billion, although it decreased by 38.23% from the previous quarter.

With a market capitalisation of Rs 99.10 billion, Ion Exchange is trading at a price-to-earnings ratio of 46.43 times, with earnings per share at Rs 14.33. At 10:16 AM, its stock was up 1.59%, trading at Rs 433.50, while the BSE Sensex was down by 0.06%.

Ion Exchange is a leader in water treatment solutions, offering a broad range of technologies for water and wastewater management across industries, homes, and communities. Its products include water process systems, wastewater recycling plants, and various chemical treatments. (business standard)

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..