ION Exchange wins ₹205-crore water treatment contracts from Rayzon Energy, INOX Solar

ION Exchange (India) Ltd on Monday, December 15, said it has secured contracts worth about ₹205 crore from Rayzon Energy Private Ltd and INOX Solar Ltd for the supply and execution of ultra-pure water

and wastewater treatment systems for solar manufacturing projects.

The contract, awarded by Rayzon Energy, and valued at approximately ₹95 crore, is for process and utility systems, including ultra-pure water systems, effluent treatment plants (ETP) and zero liquid discharge (ZLD) facilities for its 5.1 GW photovoltaic solar project at Kathwada village near Surat, Gujarat.

Meanwhile, INOX Solar Limited has placed an order worth around ₹110 crore with ION Exchange for the engineering, procurement and construction (EPC) of ultra-pure water generation, wastewater treatment and zero liquid discharge systems for a solar cell manufacturing facility in Odisha.

Both orders have been awarded by domestic entities and are scheduled to be executed within nine months and 10 months, respectively, from the date of award, the company said in a regulatory filing.

The combined value of the contracts stands at approximately ₹205 crore.

Shares of ION Exchange (India) Ltd ended higher on Monday, December 15, by 8.79% at ₹382 on the NSE.

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