Ion Exchange (India) Limited has been awarded a prestigious international contract by Hyundai Engineering & Construction Co., Ltd. for the supply of filtration units in the Middle East. The contract is valued at USD 52.83 million, which is approximately INR 503 crore based on the prevailing exchange rate. The project is slated for execution over an 18-month timeframe, marking a significant addition to the company’s international project portfolio.

The contract involves the supply of filtration units, an integral component of large-scale water treatment and management infrastructure. By collaborating with a global giant like Hyundai Engineering & Construction, Ion Exchange further solidifies its competitive positioning in high-value international markets, particularly within the Middle East. This win serves as a testament to the company’s technical capabilities in handling complex, large-scale environmental compliance and water treatment projects.

Established in 1964, Ion Exchange (India) is a premier pioneer in water and environment management with a comprehensive range of solutions spanning the entire water cycle. The company operates through three primary business segments: engineering, chemicals, and consumer products, providing integrated services for industries, institutions, municipalities, and homes. Recent notable activity for the company includes securing a long-term contract in February 2026 from Petroleum Development Oman, valued at approximately INR 1,730 crore, for a potable and sewage water facility. The company continues to invest in innovative R&D, holding over 40 patents and having commercialized more than 100 products to maintain its leadership in environmental solutions.

For the quarter ended March 31, 2026 (Q4 FY26), Ion Exchange reported a consolidated revenue of INR 863.27 crore, representing a 3.4% year-on-year (YoY) increase. During the same period, the company recorded a consolidated net profit of INR 24.14 crore, a decline of 62% compared to INR 63.35 crore in the corresponding quarter of the previous fiscal year. This performance was impacted by a 12.6% rise in total operating expenditure, alongside significant increases in interest costs and depreciation charges. The company’s institutional backing remains strong, with Nippon India Small Cap Fund notably holding a stake of 4.95% as of recent reporting.