ION Exchange (India) Ltd has secured an international contract valued at $52.83 million (around ₹503 crore) from Hyundai Engineering & Construction Co., Ltd.
The order is for the supply of filtration units for a project in the Middle East. The company disclosed the development to the stock exchanges through an exchange filing dated July 10, 2026.
The contract is scheduled to be completed over a period of 18 months. According to the exchange filing, the ION Exchange will supply filtration units as part of the project.
The order value has been estimated at approximately ₹503 crore based on the prevailing exchange rate. No further commercial details or project specifications were disclosed in the filing.
Hyundai Engineering & Construction Co., Ltd has been identified as the entity awarding the contract. The filing classifies the order as an international contract and states that the project will be executed in the Middle East.
Apart from the supply of filtration units and the execution timeline, the company has not shared additional information regarding the scope of work.
As required under the SEBI circular, ION Exchange stated that neither its promoters nor promoter group companies have any interest in Hyundai Engineering & Construction Co., Ltd. The company also confirmed that the contract does not qualify as a related-party transaction. These disclosures form part of the mandatory information submitted to the stock exchanges.
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As of July 10, 2026, 2:09 pm, Ion Exchange (India) Ltd share price was trading at ₹471.80, up 17.30% from the previous closing price.
The company will execute the Middle East filtration unit supply order over an 18-month period. ION Exchange has also confirmed that the contract has no promoter interest and is not classified as a related-party transaction.
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Published on: Jul 10, 2026, 2:45 PM IST
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