Indian Oil awards EPCC contract to Ion Exchange India Limited
POWER & RENEWABLE ENERGY

Indian Oil awards EPCC contract to Ion Exchange India Limited

Indian Oil Corporation Limited (IOCL) has awarded Ion Exchange India Limited an Engineering, Procurement, Construction and Commissioning (EPCC) contract for its para Xylene (PX) and Purified Terephthalic Acid (PTA) complex project in Paradip, Orissa, for design and installation of the effluent treatment plant on a turnkey basis at a contract value of Rs 357.465 crore.

PTA is a suitable raw material used to make polyester fibres, PET bottles, and packaging film.

The project must be built and commissioned within 26 months of the letter of acceptance date.

Ion Exchange India Ltd shares last traded at Rs 2,506.35 on the Bombay Stock Exchange, compared to a previous close of Rs 2,576.8.

A total of 15,161 shares were traded in over 2,050 trades during the day.

The stock traded at a high of Rs 2,610 and a low of Rs 2,490 during the day. Total turnover during the day was Rs 3.83 crore.

In other news, Indian Oil Corporation is in talks with PJSC SIBUR Holding, Russia’s largest integrated petrochemicals company, to set up a large petrochemical facility in India.

The billion dollar investment is being explored at a time when Indian oil is planning to expand its petrochemical business against the backdrop of an increasing demand for petrochemicals in India.

Image Source

Indian Oil Corporation Limited (IOCL) has awarded Ion Exchange India Limited an Engineering, Procurement, Construction and Commissioning (EPCC) contract for its para Xylene (PX) and Purified Terephthalic Acid (PTA) complex project in Paradip, Orissa, for design and installation of the effluent treatment plant on a turnkey basis at a contract value of Rs 357.465 crore. PTA is a suitable raw material used to make polyester fibres, PET bottles, and packaging film. The project must be built and commissioned within 26 months of the letter of acceptance date. Ion Exchange India Ltd shares last traded at Rs 2,506.35 on the Bombay Stock Exchange, compared to a previous close of Rs 2,576.8. A total of 15,161 shares were traded in over 2,050 trades during the day. The stock traded at a high of Rs 2,610 and a low of Rs 2,490 during the day. Total turnover during the day was Rs 3.83 crore. In other news, Indian Oil Corporation is in talks with PJSC SIBUR Holding, Russia’s largest integrated petrochemicals company, to set up a large petrochemical facility in India. The billion dollar investment is being explored at a time when Indian oil is planning to expand its petrochemical business against the backdrop of an increasing demand for petrochemicals in India. Image Source

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code