Indobell Insulations Limited has secured a domestic order worth Rs 5.10 Cr from Skoda Power Private Limited for the supply of thermal insulations. The order, valued at Rs 5,10,00,000.00, is scheduled for execution by September 15, 2026, representing a significant addition to the company's order book within the domestic market. The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sanjay Agarwal, Company Secretary & Compliance Officer, confirmed the development in the filing submitted on June 12, 2026.

Order Details and Terms

The agreement outlines a structured payment schedule to ensure progress-based disbursements. The terms include a 10% advance payment, followed by 15% against the submission of engineering drawings. The bulk of the payment, 65%, is due against delivery within 45 days, with the remaining 10% to be released against a bank guarantee.

The filing further clarified that the order does not involve any related party transactions, nor do the promoter, promoter group, or group companies hold any interest in Skoda Power Private Limited. The transaction was conducted at arm's length.

Indobell Insulations Limited has secured an international export order worth USD 82,170 from GE Vernova Operations LLC, expanding its footprint in the thermal insulation market. The contract involves the supply of Steam Turbine Insulation Blanket Thermal and is scheduled for execution by October 8, 2027. This order underscores the company's capability to meet specialized technical requirements for global clients in the energy sector.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sanjay Agarwal, Company Secretary & Compliance Officer, confirmed that the order was awarded by an international entity based in Cambridge, USA. The filing confirmed that the promoter, promoter group, or group companies have no interest in the entity awarding the order, and the transaction does not fall within related party transactions.

Order Details

The agreement outlines specific commercial terms governing the transaction. The payment structure is set at Net 150 Monthly, and the Incoterms are defined as FCA Supp – Supplier Factory. The currency for the transaction is USD.

The company operates manufacturing facilities in the Eastern and Western regions, with locations in Kolkata and Palghar respectively. This new order adds to the company's order book and reinforces its presence in the export market for industrial insulation solutions.