Indobell Insulations Ltd Secures Domestic Order for Ceramic Fibre Nodules
Indobell Insulations Limited has secured a domestic order for the supply of Ceramic Fibre Nodules. The contract was awarded by Sundaram Brake Linings Limited, a domestic entity.The total value of the order is Rs 15,660,960.00. The agreement includes specific payment terms where payments are to be processed via direct credit within 45 days. The execution period for the contract is scheduled to conclude by March 2028.
The company has confirmed that neither the promoter group nor any group companies hold any interest in the awarding entity. Additionally, the transaction does not fall under related party transactions.
Order Details Overview
| Particulars | Details |
|---|---|
| Awarding Entity | Sundaram Brake Linings Limited |
| Nature of Order | Ceramic Fibre Nodules |
| Order Type | Domestic |
| Order Value | Rs 15,660,960.00 |
| Payment Terms | 45 days direct credit |
| Execution Timeline | March 2028 |
Stock Price Movement
As of 12:02, Indobell Insulations Ltd shares are surging to ₹86.00, representing a significant 11.70% jump today. The stock is currently testing its intraday high after pulling away from a low of ₹76.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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