Ion Exchange (India) Limited has received a Letter of award from Indian Oil Corporation Limited (IOCL) for the work of water treatment plant including reverse osmosis, demineralization plant, condensate polishing unit, zero liquid discharge plant, and operation and maintenance for two years and annual maintenance charges for five years for their Panipat refinery capacity expansion project (P-25) at Panipat, Haryana, India.

The contract value of the order is Rs. 726.13 crore plus GST. The project is to be commissioned within 24 months from the date of Letter of Acceptance.

A pioneer of water treatment in India with a legacy spanning over five decades, Ion Exchange is today a premier company in water and environment management with a global presence. Formed in 1964, as a subsidiary of the Permutit Company of UK, Ion Exchange became a wholly Indian company in 1985 when Permutit divested their holding. Over the years, the company has accumulated a wealth of experience and is now recognized as a leading solutions provider, one of very few companies worldwide with a complete range of solutions for water, wastewater treatment, solid waste management, and waste to energy.

The company's comprehensive technologies, products and services, enable its multidisciplinary teams of experts to cater to industries, institutions, municipalities, communities, and homes.