Indobell Insulations Ltd Secures Domestic Order Worth Rs 48,739,015.00
Indobell Insulations Limited has secured a domestic order for the supply of Nodulated Wool from Sundaram Brake Linings Limited. The contract is valued at Rs 48,739,015.00 and establishes a significant business engagement for the company.The order pertains to the supply of Nodulated Wool as a domestic entity project. The execution period for this contract is scheduled to be completed by March 2028. Regarding the financial terms of the agreement, the payment structure is set for direct credit within 45 days.
Key details regarding the contract are outlined in the table below:
| Particulars | Details |
|---|---|
| Name of Entity Awarding Order | Sundaram Brake Linings Limited |
| Nature of Order | Nodulated Wool |
| Broad Consideration | Rs 48,739,015.00 |
| Time Period for Execution | March 2028 |
| Payment Terms | 45 days direct credit |
| Entity Type | Domestic |
The company has confirmed that neither the promoter group nor any group companies hold any interest in the awarding entity. Furthermore, the contract does not fall within the category of related party transactions.
Stock Price Movement
As of 11:42, Indobell Insulations Ltd shares are surging to ₹83.50, up 8.46%. The stock is currently trading toward the upper end of its intraday range between ₹76.50 and ₹85.00.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.