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Ion Exchange rises on opening new R&D Centre at Patancheru

Ion Exchange (India) is currently trading at Rs. 650.00, up by 5.20 points or 0.81% from its previous closing of Rs. 644.80 on the BSE.

The scrip opened at Rs. 640.00 and has touched a high and low of Rs. 670.00 and Rs. 621.10 respectively. So far 38281 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 794.00 on 22-Jul-2019 and a 52 week low of Rs. 335.00 on 31-Oct-2018.

Last one week high and low of the scrip stood at Rs. 684.00 and Rs. 619.95 respectively. The current market cap of the company is Rs. 954.80 crore.

The promoters holding in the company stood at 44.04%, while Institutions and Non-Institutions held 5.24% and 50.72% respectively.

Ion Exchange (India) has inaugurated its new Research & Development (R&D) Centre at Patancheru near Hyderabad. The state-of-the-art R&D Centre is set up over cost of Rs 30 crore and is spread over 24,000 sq. ft. and certified by the Department of Scientific and Industrial Research (DSIR).

The Patancheru R&D centre will develop new resins, membranes, polymers and speciality chemical technologies related to water, waste water treatment, process separation and purification, speciality process application and catalysis.

Ion Exchange (India) pioneered water treatment in India and is today the country's premier company in water and environment management, with a strong international presence.

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