Indobell Insulations Ltd. Secures Export Order Worth $185,100
Indobell Insulations Limited has secured an export order for Steam Turbine Insulation - Blanket Therm valued at 185,100 US dollars. The order was awarded by GE VERNOVA PARTS &PRODUCTS GmbH - BADEN, SWITZERLAND.According to details released, payment is due within 150 days of the invoice date, with the Incoterm being FCA Supplier Factory. The order is expected to be executed by September 2026.
The company confirmed that neither the promoter group nor any group companies have an interest in GE VERNOVA PARTS &PRODUCTS GmbH - BADEN, SWITZERLAND, and the transaction is not considered a related party transaction.
| Sr. No. | Particulars | Details |
|---|---|---|
| 1) | Name of the entity awarding the order(s)/contract(s) | GE VERNOVA PARTS &PRODUCTS GmbH - BADEN, SWITZERLAND |
| 2) | Significant terms and conditions of order(s)/contract(s) awarded in brief | Payment: Payable within 150 days due net invoice date Incoterm: FCA SUP- Supplier Factory Currency: USD |
| 3) | Whether order(s) / contract(s) have been awarded by domestic/ international entity | Export Entity |
| 4) | Nature of order(s)/contract(s) | Steam Turbine Insulation - Blanket Therm |
| 5) | Whether Domestic or International | International |
| 6) | Time Period by which the order(s)/ contract(s) is to be executed | Sep 2026 |
| 7) | Broad consideration or size o f t h e order(s)/contract(s) | USD185,100 (One Lakh Eighty-Five Thousand One Hundred Only) |
| 8) | Whether the promoter/ promoter group/ group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof | No |
| 9) | Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at 'arm's length' | No |
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