Ion Exchange shares end higher after Rs 726 crore order win from Indian Oil

Shares of Ion Exchange (India) Ltd. jumped 4.1 percent in intraday trade on Thursday after the company announced it received an order worth Rs 726.13 crore from state-owned Indian Oil Corporation Ltd. (IOCL).

The water treatment and environment management firm on Thursday informed the bourses that it has received a Letter of Award (LoA) from IOCL.

As per the terms of the contract, Ion Exchange will be engaged in the work of the Water Treatment Plant involving the demineralisation plant, reverse osmosis, condensate polishing unit, and zero liquid discharge plant.