Ion Exchange (India) Limited announced that the Company has received a Letter of award from Indian Oil Corporation Limited 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 at a contract value of INR 7,261.3 million plus GST. The project is to be commissioned within 24 months from the date of Letter of Acceptance.