Ion Exchange (India) Limited informed that the Company has been awarded a contract by Indian Oil Corporation Limited (IOCL), for Designing, Engineering, Manufacturing, Supply, Erection, Testing, Pre-commissioning, Commissioning, Performance Guarantee Test Run and Operation & Maintenance for five years of Zero Liquid Discharge plant at Panipat Refinery at a contract value of INR 3,433.6 million including GST. The project is to be commissioned within 16 months from the date of Letter of Acceptance.