Indobell insulations Limited has announced securing a substantial domestic order worth Rs 1,46,94,642.10 from Goa Shipyard Limited, a Department of Defence Production entity under the Ministry of Defence. The order was secured through the Government e-Marketplace (GeM) platform, demonstrating the company's successful participation in government procurement processes.

Order Details and Specifications

The contract involves the supply of specialized marine insulation materials for defence applications. The company will provide 2 Shipsets Searox Slabs specifically for the Frigates Project Yard 1258-59, highlighting Indobell Insulations' capability in manufacturing high-grade insulation products for naval vessels.

Contract Terms and Timeline

The agreement includes favorable payment terms that ensure steady cash flow for the company. Under the contract conditions, Goa Shipyard Limited will make 100% payment within 30 days from the date of invoicing, providing financial certainty for the project execution.

The order is scheduled for completion by September 2026, giving Indobell Insulations adequate time to manufacture and deliver the specialized insulation materials. This timeline aligns with the shipyard's project requirements and demonstrates the company's ability to meet defence sector delivery schedules.

Regulatory Compliance and Transparency

The company has fulfilled all regulatory disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that neither the promoter group nor group companies have any interest in Goa Shipyard Limited, ensuring the transaction's independence.

Additionally, the order does not fall within related party transactions, maintaining arm's length commercial terms. This transparency reinforces the merit-based nature of the contract award through the government procurement system.

Strategic Significance

This order represents a significant achievement for Indobell Insulations in the defence manufacturing sector. The contract value of Rs 1,46,94,642.10 demonstrates the company's capability to secure substantial government orders and execute specialized projects for naval applications.

The successful procurement through GeM platform also positions the company favorably for future government contracts, potentially opening doors to additional defence sector opportunities. The order reinforces Indobell Insulations' expertise in manufacturing high-quality insulation materials suitable for critical defence applications.

Indobell Insulations Limited has announced the withdrawal of its recently disclosed export order worth USD 73,500 from GE Vernova Parts & Products GmbH, Switzerland. The company informed BSE through a regulatory filing that the purchase order has been withdrawn after the client confirmed it was placed by mistake.

Order Withdrawal Details

The company received email communication from GE Vernova Parts & Products GmbH dated March 31, 2026, stating that Purchase Order No. 4102844261 was placed by mistake and requesting to disregard the order. This development comes shortly after the company had announced securing the export order for ST Blanket Thermal Insulation products under Regulation 30 of SEBI (LODR) Regulations, 2015.

Regulatory Compliance

Indobell Insulations has requested BSE to treat the earlier disclosure as withdrawn and cancelled, maintaining full compliance with regulatory requirements. The company filed the correction notice on April 1, 2026, signed by Chairman and Managing Director Vijay Burman, ensuring transparency in corporate communications.

Company Operations

Indobell Insulations continues to operate from its registered office in Kolkata with manufacturing facilities across Eastern and Western regions. The Eastern Region facility operates from Trenching Ground Road, Kolkata, while the Western Region facility is located in Palghar, enabling the company to serve diverse markets despite this recent order withdrawal.