Indobell Insulations Secures Rs 2.56 Crore Contract from HPCL Visakh Refinery

Indobell Insulations Limited , a company specializing in insulation works, has announced a significant business development. The company has secured a contract worth Rs 2.56 crore for supply and application of insulation works at the HPCL Visakh Refinery in Vishakhapatnam.

Contract Details

The contract, awarded by a domestic entity, involves bridge and roof job work for the HPCL Visakh Refinery. Here are the key details of the order:

Aspect	Details
Contract Value	Rs 2.56 crore
Nature of Work	Supply and Application of Insulation
Project Location	HPCL Visakh Refinery, Vishakhapatnam
Execution Timeframe	Within 5 months
Awarding Entity	Domestic

Project Significance

This order is significant for Indobell Insulations as it demonstrates the company's capability to secure contracts from major players in the oil and gas sector. The HPCL Visakh Refinery is a key asset in India's refining infrastructure, and this contract could potentially lead to more opportunities in the future.

Corporate Governance

In line with regulatory requirements, Indobell Insulations has made the following disclosures:

The company has confirmed that its promoters have no interest in the entity awarding the contract.
The transaction does not fall under related party transactions, ensuring transparency in the deal.

These disclosures align with the company's commitment to good corporate governance practices and compliance with SEBI regulations.

Conclusion

This new contract represents a positive development for Indobell Insulations Limited, potentially contributing to its revenue and showcasing its expertise in industrial insulation works. The timely execution of this project within the specified 5-month period will be crucial for the company's reputation and future growth prospects in the industrial services sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+10.00%	+1.28%	-16.31%	-27.42%	+3.68%	+3.68%

Indobell Insulations Limited , a company specializing in insulation solutions, has announced two significant export orders from GE VERNOVA OPERATIONS LLC. CAMBRIDGE. The orders, valued at a combined total of $184,600, underscore the company's growing presence in the international market.

Order Details

The two export orders secured by Indobell Insulations are for the design and supply of insulation:

Order	Value
First	$22,700
Second	$161,900

Both contracts are set to be completed by August 2026, providing Indobell Insulations with a clear timeline for delivery.

Client and Nature of Transaction

The client, GE VERNOVA OPERATIONS LLC. CAMBRIDGE, is an international entity, making these orders export transactions. This collaboration with a renowned global company like GE Vernova highlights Indobell Insulations' capability to meet international standards and requirements in the insulation industry.

Key Points

The orders are classified as export transactions, expanding Indobell's international footprint.
Both contracts involve the design and supply of insulation, showcasing Indobell's expertise in this field.
The extended completion timeline until August 2026 suggests these are substantial projects requiring detailed execution.
Neither order involves any related party transactions or interests from the promoter group of Indobell Insulations.

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Indobell Insulations has duly informed the BSE Limited about these export orders. The company has provided detailed disclosures as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

These new orders represent a positive development for Indobell Insulations Limited, potentially contributing to its revenue stream and international market presence over the next few years.