Newsletter
ION Exchange (India) has secured contracts worth about ₹205 crore from Rayzon Energy and INOX Solar. The stock gained 5% intraday on the back of this news.
What’s happening: the order is for the supply and execution of ultra-pure water and wastewater treatment systems for solar manufacturing projects.
The contract awarded by Rayzon Energy worth about ₹95 crore for its large solar project near Surat, Gujarat.
The contract covers water-related systems needed to run the plant, including facilities to produce very clean water and to treat and recycle wastewater. This will support Rayzon’s 5.1 GW solar power project at Kathwada village.
In another deal, INOX Solar Limited has given an order of around ₹110 crore to ION Exchange.
The company will set up water purification and wastewater treatment systems for INOX Solar’s solar cell manufacturing plant in Odisha, ensuring that water used in the factory is cleaned, reused, and not discharged as waste.
As solar manufacturing scales up in India, the demand for clean water solutions could quietly become a big growth story, and ION Exchange seems well placed to benefit.
