International Order Win
Ion Exchange (India) Wins ₹503 Crore International Filtration Contract from Hyundai Engineering & Construction
NSE
IONEXCHANG
BSE
500214
Ion Exchange (India) Limited has secured an international contract from Hyundai Engineering & Construction Co., Ltd. worth USD 52.83 million (approximately ₹503 crore) for the supply of filtration units in the Middle East. The project is scheduled to be executed over 18 months.
PRICE-SENSITIVE TRIGGER
Event: Award of an international supply contract.
Type: International Order Win
Impact: Positive
Immediate Effect: The contract strengthens Ion Exchange’s international order book and reinforces its presence in the Middle East water treatment market.
Financials:
Key Metrics:
- Order Value: USD 52.83 million
- Approximate INR Value: ₹503 crore
- Project Region: Middle East
- Execution Timeline: 18 months
Highlight:
- Ion Exchange has secured an international filtration units contract valued at USD 52.83 million.
What Happened ?
Ion Exchange informed the stock exchanges that it has been awarded an international contract by Hyundai Engineering & Construction Co., Ltd. for the supply of filtration units in the Middle East.
The contract is valued at USD 52.83 million (approximately ₹503 crore based on prevailing exchange rates) and is scheduled for execution over the next 18 months.
Key details
Contract Details:
- Customer: Hyundai Engineering & Construction Co., Ltd.
- Nature of Contract: Supply of filtration units
- Project Location: Middle East
- Contract Value: USD 52.83 million (approximately ₹503 crore)
- Execution Period: 18 months
- Awarded by an international entity
- No promoter or promoter group interest in the awarding entity
- The transaction is not a related-party transaction
Note:
- The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Risk Analysis
Summary:
- Although the order improves revenue visibility, financial benefits will depend on successful project execution over the contract period.
Key Risks:
- Revenue recognition will follow execution milestones.
- Project execution delays could postpone revenue realization.
- Currency movements may affect the INR-equivalent contract value.
Worst Case:
- Any material delay in execution or project scope changes could defer revenue recognition and impact profitability.
Risk Level: Medium
Company Commentary
- Hyundai Engineering & Construction Co., Ltd. has awarded Ion Exchange an international contract.
- The project involves supplying filtration units for the Middle East.
- The contract value is USD 52.83 million (approximately ₹503 crore).
- Execution is expected to be completed within 18 months.
- The company confirmed that there is no promoter interest in the awarding entity and that the contract does not constitute a related-party transaction.
Official Exchange Filing: Ion Exchange (India) Limited
