Read more about Ion Exchange soars after Rs 1000 cr order win on Business Standard. Ion Exchange (India) jumped 8.43% to Rs 2207.80 after the company bagged an order worth Rs 1000 crore from State Water Supply and Sanitation Mission, Namami Gange and Rural Water Supply Department under Jal Jeevan Mission in Uttar Pradesh.
Welspun Enterprises in joint venture with Hyderabad-based Kaveri Infraprojects is empanelled by the UP State Water and Sanitation Mission, Namami Gange and Rural Water Supply Department (SWSM) for execution of EPC projects.The joint venture is empanelled for the project of survey, design, preparation of Detailed Project Report (DPR), construction, commissioning and operation and maintenance for 10 years of water supply in 2544 villages in Varanasi, Ayodhya and Meerut.
The estimated aggregate contract value of the above Projects is Rs 2,500 crore. The final value will be determined on completion of preparation of DPR. Preparation of DPR and construction of the project is to be progressively completed in 21 to 28 months and thereafter operated and maintained by the company for 10 years.