ION Exchange Oman subsidiary wins INR 1,730 crore water contract from PDO
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Ion Exchange India subsidiary in Oman won a 20-year Design, Build, Own, Operate and Maintain contract from Petroleum Development Oman (PDO) for potable water and sewage treatment in the South PDO Concession Area. Contract value is OMR 73.46 million, around INR 1,730 crores over 20 years, roughly INR 86 crores per year. PDO is Oman government-owned. No promoter interest conflict.
Large 20-year international order boosts long-term revenue visibility and book size; positive read-through for the stock given contract scale.