Ion Exchange Wins $52.83M Middle East Filtration Contract

Core Announcement – Order Details

Awarding Entity: Hyundai Engineering & Construction Co., Ltd.

Domestic/International Order: International Order (Middle East region)

Nature of Order/Contract: Supply of filtration units in the Middle East region.

Order Value: USD 52.83 million (approximately INR 503 crore, based on prevailing exchange rate).

Materiality Context: Not Specified

Execution Timeline: 18 months

Revenue Recognition / Billing Structure: Not Specified

Key Terms & Payment Milestones: Not Specified

Whether Related Party Transaction: No

Promoter Group Involvement: No promoter/promoter group/group companies have any interest in the entity that awarded the order.

Financial Implication: Not Specified