Ion Exchange Secures ₹500 Crore International Filtration Order in the Middle East

Ion Exchange (India) Ltd has secured a major international contract valued at USD 52.83 million (approx. ₹500 crore) from Hyundai Engineering & Construction Co., Ltd. The project involves the supply of filtration units for an upcoming facility in the Middle East. Key Deal Highlights: Client: Hyundai Engineering & Construction Co., Ltd. (a leading global EPC contractor). Contract Value: USD 52.83 million (~₹500 crore). Scope & Location: Supply of filtration units in the Middle East. Execution Timeline: 18 months from the commencement of the project. Strategic Impact: Global Footprint Expansion: This substantial order significantly boosts Ion Exchange's overseas order book and reinforces its competitive presence in the lucrative Middle Eastern market. Technical Validation: Securing a contract from a global engineering giant like Hyundai E&C strongly validates Ion Exchange's technical expertise, reliability, and capability to execute large-scale, complex international projects. Governance & Compliance: The company confirmed that the transaction is strictly at arm's length. It does not fall under related-party transactions, and no promoter, promoter group, or group companies have any interest in the entity awarding the order. Outlook: This ₹500 crore mandate provides strong medium-term revenue visibility for the company's international business segment and positions it well for further large-scale EPC partnerships globally.