Ion Exchange shares rise 5% on ₹1,730 Cr Oman contract
after close1 source ↓written by the desknot a recommendation
- after securing
- 5%
- water management contract
- ₹1,730 crore
- Development Oman
- 20 years
- order book
- ₹2,833 crore
- Despite
- 6% YoY revenue growth
Ion Exchange shares surged 5% after securing a ₹1,730 crore water management contract from Petroleum Development Oman for 20 years. This deal enhances long-term revenue visibility, boosting its order book to ₹2,833 crore. Despite a 6% YoY revenue growth, profit declined, indicating mixed near-term earnings prospects.
Not investment advice. For informational purposes only.