Announced Fri, 10 Jul · 12:23 IST
Wins USD 52.83 mn filtration contract from Hyundai E&C for Middle East
IONEXCHANG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+12.1%1-day move
₹402.00
prior close
₹417.45
base price
In-mkt
timing
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+2.0+3.6+6.6+8.4+12.1+9.8+10.8+8.4+8.2+9.5————
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AI summary
Ion Exchange India has secured an international contract worth USD 52.83 million (around INR 503 crore) from Hyundai Engineering and Construction for supplying filtration units in the Middle East. The project will be executed over 18 months. The company confirmed there is no promoter, group, or related party interest in the awarding entity. The contract adds to the company's international order pipeline and provides revenue visibility over the execution period.
Likely market impact
Strengthens international order book and provides multi-quarter revenue visibility. Positive signal for order pipeline growth.