Wins USD 52.83 million filtration order from Hyundai Engineering

Export Order Hard CurrencyBusiness Updates View source PDF

IONEXCHANG · price

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Price reaction · full curve 14 horizons · vs prior close

+12.1%1-day move

₹402.00

prior close

₹415.00

base price

In-mkt

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AI summary

Ion Exchange has secured an international contract worth USD 52.83 million (around INR 503 crore) from Hyundai Engineering and Construction Co. Ltd. for the supply of filtration units in the Middle East. The project will be executed over 18 months. No promoter or related party interest is involved in the deal.

Likely market impact

Boosts export order book in hard currency; large international win strengthens revenue visibility over the next 18 months.