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Monday, February 6, 2023

Nw : Ion Change rises 5% on Rs 343 crore squawk take care of shut

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Shares of water and environment administration solution firm

rose almost about 5% to Rs 2,925 in Monday’s intraday alternate on BSE after the firm bagged a Rs 343.36 crore squawk from the

.

“We esteem to allow you to know that the firm has been awarded a contract by Indian Oil Company (

) for designing, engineering, manufacturing, supply, erection, testing, pre-commissioning, commissioning, performance guarantee check speed and operation & repairs for five years of zero liquid discharge plant at Panipat refinery at a contract value of Rs 343.36 crore. The mission is to be commissioned inner 16 months from the date of the letter of acceptance,” Ion Change acknowledged in a BSE submitting.

At 12.59 pm, the stock modified into buying and selling 3% better at Rs 2,875 over its earlier day’s closing ticket of Rs 2,792. The scrip has risen almost about 32% in the final month whereas it has surged about 54% in the final six months.

Ion Change (India) is engaged in destroy-water remedy and environment alternatives and caters to a bunch of industries, institutions, properties and communities.

Headquartered in Mumbai, Ion Change has seven manufacturing & assembly facilities across India and one every in Bahrain, Bangladesh, UAE and Indonesia. It also has a presence across other key geographies.

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