Indobell insulations Limited has secured a substantial domestic order worth Rs 1,23,76,119.91 from Goa Shipyard Limited under the Ministry of Defence. The order was obtained through the Government e-Marketplace (GeM) platform and involves thermal insulation services for exhaust pipes fittings and main engine exhaust systems.

Order Details and Specifications

The contract encompasses comprehensive thermal insulation and service work for exhaust pipes fittings related to main engine exhaust systems. The company disclosed this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Disclosure

The company has confirmed that this order does not involve any related party transactions and has been awarded at arm's length. Additionally, the promoter group has no interest in the entity that awarded the contract, ensuring complete transparency in the business arrangement.

Strategic Significance

This order reinforces Indobell Insulations Limited's position in the defence sector supply chain, particularly in specialized thermal insulation services. The contract duration extending to December 2027 provides the company with a multi-year revenue stream from this defence sector engagement.

The successful procurement through GeM demonstrates the company's capability to compete effectively in government tenders and its compliance with digital procurement processes mandated for government contracts.

Indobell insulations Limited has secured a significant export order worth USD 85,975 from GE Vernona Operations LLC, Cambridge, USA, for steam turbine insulation services. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details

The contract specifications and key parameters are outlined below:

Contract Specifications

The order involves providing insulation services specifically for steam turbine applications. As an international contract, this represents an export opportunity for Indobell Insulations Limited, expanding the company's reach in the global market for industrial insulation solutions.

Regulatory Compliance

The company has confirmed full compliance with regulatory requirements regarding the contract:

• Related Party Transactions: The order does not fall within related party transactions
• Promoter Interest: No promoter, promoter group, or group companies have any interest in GE Vernona Operations LLC
• Transaction Nature: The contract is conducted at arm's length with no conflicts of interest

Company Operations

Indobell Insulations Limited operates manufacturing facilities across two regions in India. The Eastern Region facility is located at D-195, Trenching Ground Road, Kolkata, while the Western Region operations are based at Plot No. 18, Gala No. 2 & 3, Dewan & Sons Industrial Estate, Vevoor, Palghar. This geographic spread positions the company to serve both domestic and international markets effectively.