Ion Exchange Secures INR 205 Crore Contracts for Water Systems
Filing Summary
Ion Exchange (India) Limited has informed the exchanges about receiving contracts from Rayzon Energy Private Limited and INOX Solar Limited. The contracts, valued at approximately INR 205 crores, involve the provision of Ultra-Pure Water systems, Effluent Treatment Plants (ETP), and Zero Liquid Discharge (ZLD) solutions. The projects are to be executed within nine to ten months. Both contracts are domestic, with Rayzon Energy’s project located in Surat, Gujarat, and INOX Solar’s project in Odisha. The company confirmed no related party transactions are involved.
Ion Exchange (India) Limited has announced the receipt of contracts from Rayzon Energy Private Limited and INOX Solar Limited. The total value of these contracts is approximately INR 205 crores. The contracts pertain to the provision of Ultra-Pure Water systems, Effluent Treatment Plants (ETP), and Zero Liquid Discharge (ZLD) solutions.
The contract with Rayzon Energy is valued at approximately INR 95 crores. It involves the supply of process and utility requirements for a 5.1 GW photovoltaic solar project located at Kathwada Village, Surat, Gujarat. The scope includes the installation of an Ultra-Pure Water system, ETP, and ZLD.
The contract with INOX Solar is valued at approximately INR 110 crores. It covers the engineering, procurement, and construction of an Ultra-Pure Water generation system, wastewater treatment, and Zero Liquid Discharge for a solar cell facility in Odisha.
Both contracts are domestic in nature. The execution period for these projects is nine months for Rayzon Energy and ten months for INOX Solar, starting from the project award date. Ion Exchange has confirmed that there are no related party transactions involved in these contracts.
Rayzon Energy Private Limited focuses on renewable energy projects, particularly in the solar sector. The company is involved in the development and operation of solar power plants, contributing to sustainable energy solutions.
Ion Exchange (India) Limited specializes in water and environment management solutions. The company provides a range of services including water treatment, wastewater treatment, and recycling solutions. Ion Exchange is committed to delivering sustainable and innovative solutions to meet the growing demand for water management in various industries.