Ion Exchange shares rise 5% on ₹1,730 Cr Oman contract
pre-market1 source ↓written by the desknot a recommendation
- after securing
- 5%
- contract from Petroleum
- ₹1,730 crore
- water management project
- 20-year
- order book
- ₹2,833 crore
- and a profit
- 6% YoY revenue growth
Ion Exchange shares surged 5% after securing a ₹1,730 crore contract from Petroleum Development Oman for a 20-year water management project. This win boosts its order book to ₹2,833 crore, enhancing long-term revenue visibility despite mixed near-term earnings with 6% YoY revenue growth and a profit decline. 📈
Not investment advice. For informational purposes only.