Ion Exchange India Limited bags order from Indian Oil Corporation Ltd

Ion Exchange (India) Limited has been awarded by Indian Oil Corporation Limited a Engineering, Procurement, Construction and Commissioning (EPCC) contract for design, installation of effluent treatment plant on turn key basis at contract value of INR. 357.465 crores for its Para Xylene (PX) and Purified Terephthalic Acid (PTA) complex project at Paradip, Orissa.

PTA is a major raw material used to manufacture polyester fibers, PET bottles and polyester film used in packaging applications. The project is to be constructed and commissioned within 26 months from the date of Letter of Acceptance.

Shares of Ion Exchange (India) Ltd was last trading in BSE at Rs. 2506.35 as compared to the previous close of Rs. 2576.8. The total number of shares traded during the day was 15161 in over 2050 trades.

The stock hit an intraday high of Rs. 2610 and intraday low of 2490. The net turnover during the day was Rs. 38335738.

Source : Equity Bulls

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