Indobell Secures Rs 5.1 Crore Domestic Order for Supply of Thermal Insulations
Indobell Insulations Limited has secured a domestic order worth Rs 5,10,00,000.00 (Rupees Five Crore Ten Lakh Lakhs Only) for the supply of thermal insulations. The contract was awarded by SKODA POWER PRIVATE LIMITED.The order details cover the provision of thermal insulations and is scheduled to be executed by September 15, 2026.
The terms outlined for the transaction include a payment structure consisting of an advance, payments against milestones, and final balance linked to bank guarantee.
Key operational and financial specifics related to this domestic contract are detailed below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | SKODA POWER PRIVATE LIMITED |
| Nature of Contract | Supply of Thermal Insulations |
| Total Consideration | Rs 5,10,00,000.00 |
| Execution Deadline | September 15, 2026 |
| Payment Structure | 10% advance, 15% against Engineering Drawings, 65% against delivery within 45 days, and the balance 10% against BG |
The contract is classified as a domestic order. The company confirmed that there is no interest of the promoter or promoter group in SKODA POWER PRIVATE LIMITED, nor would the transaction fall under related party transactions.
Stock Price Movement
Indobell Insulations Ltd settled at ₹48.30 on Friday, climbing 5.00% in the trade. Shares moved throughout the day, ranging between a low of ₹44.75 and an intraday high of ₹48.30.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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