Indobell Insulations Limited has secured a substantial domestic order worth ₹66.40 crores from Bharat Heavy Electricals Limited (BHEL) for thermal insulation piping work. The company announced this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details and Specifications

The contract involves the supply of 10 units of piping thermal insulation, with the work scheduled for completion by July 2029. The order value stands at ₹6,64,02,288.60, representing a significant business win for the Kolkata-based insulation specialist.

Regulatory Compliance and Transparency

In compliance with SEBI circular requirements, Indobell Insulations confirmed that this order does not involve any related party transactions and has been awarded at arm's length. The company also clarified that neither the promoter group nor group companies have any interest in BHEL, the entity awarding the contract.

Company Background

Indobell Insulations Limited operates from its registered office in Kolkata and maintains manufacturing facilities across multiple regions. The company's Eastern Region works are located at Trenching Ground Road, Kolkata, while its Western Region operations are based in Palghar, Maharashtra. The company specializes in thermal insulation solutions and serves various industrial sectors.

Strategic Significance

This order from BHEL, a leading public sector undertaking in the heavy electrical equipment sector, demonstrates Indobell Insulations' capability to secure contracts from major industrial clients. The extended execution timeline until July 2029 provides the company with a stable revenue stream over the coming years, supporting its business operations and growth plans.

Indobell Insulations Limited has announced its participation in a virtual investor interaction event, providing stakeholders with an opportunity to engage directly with the company's management team. The event represents part of the company's ongoing investor relations activities.

Event Details and Schedule

The company will participate in the "Valueportal Event" organized by Finportal Investments Private Limited. The event details are structured as follows:

Management Participation

The investor interaction will feature key members of Indobell Insulations Limited's leadership team. The participating speakers include:

• Vijay Burman - Managing Director
• Nikhil Dassani - Manager - Finance

The management team will interact with investors and analysts during the scheduled session, providing insights into the company's operations and addressing stakeholder queries.

Regulatory Compliance

Indobell Insulations Limited has emphasized its commitment to regulatory compliance during the investor interaction. The company has specifically stated that no unpublished price sensitive information (UPSI) will be shared during the event, ensuring adherence to SEBI regulations.

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparent communication with stakeholders.

Additional Information

The event invitation and related documentation are available on the company's official website at indobell.com for reference. Interested investors can register for the event through the provided channels, with contact details available through both the organizing firm and the company's investor relations team.