Ion Commerce will current annual upkeep providers for a interval Of 5 years for IOCL’s Panipat refinery performance enlargement enterprise.
Shares of Ion Commerce (India) Ltd. jumped 4.1 % in intraday trade on Thursday after The agency introduced it acquired an order worth Rs 726.13 crore from state-owned Indian Oil Company Ltd. (IOCL).
The water remedy and environment administration agency on Thursday educated the bourses that it has acquired a Letter of Award (LoA) from IOCL.
As per the phrases of the contract, Ion Commerce Shall be engaged Inside the work of the Water Treatment Plant involving the demineralisation plant, reverse osmosis, condensate sprucing unit, And 0 liquid discharge plant.
Ion Commerce will current operation and upkeep providers For two years. The agency Can additionally current annual upkeep providers for a interval Of 5 years for IOCL’s Panipat refinery performance enlargement enterprise.
The contract worth stands at Rs 726.13 crore plus items and providers tax (GST) and is scheduled to be commissioned within two years from the date of acceptance of the letter.
The enterprise involved designing, engineering, manufacturing, current, erection, look ating, pre-commissioning, commissioning, and efficiency guarantee look at runs As properly as to operation and upkeep for 5 years of the plant On the said refinery.
Ion Commerce currents An complete differ of options for water, wastewater remedy, strong waste administration, and waste-to-power.
Shares of Ion Commerce Ltd. ended 3.26 % greater at Rs 2,787 on Thursday.
(Edited by : Rukmani Krishna)