UP Jal Jeevan Mission fund flow delays
Execution of UP projects remains muted due to lack of funding; receivables stuck and order backlog of ~INR 400 crore.
IONEXCHANG / Q3-FY26 / risks
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ION Exchange (India) · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
high
Legacy project margin pressure continues
A large legacy project continues to impact engineering profitability; execution will extend into FY27.
Roha plant ramp-up and certification delays
Product approvals from global standards bodies may take longer, delaying revenue ramp-up from the new facility.
Semiconductor orders not won due to pricing
Company passed on two major semiconductor projects due to unfavorable pricing, indicating competitive pressure.