News Orders & Deals Indobell Insulations Secures Rs 85.15 Lakh Order from NTPC for Gas Turbine Re-Insulation WorkIndobell Insulations Secures Rs 85.15 Lakh Order from NTPC for Gas Turbine Re-Insulation Work
Indobell Insulations Limited secured a Rs 85,15,125 domestic order from NTPC Limited for re-insulation of exhaust duct of gas turbine at their Chhattisgarh facility. The contract features structured payment terms with 85% payment after work completion and provisions for safety compliance and defect liability. The specialized insulation work is scheduled for completion by March 2028, demonstrating the company's expertise in power sector infrastructure maintenance.
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Indobell insulations Limited has secured a domestic order worth Rs 85,15,125 from NTPC Limited for specialized re-insulation work on gas turbine exhaust ducts. The company disclosed this development under Regulation 30 of SEBI listing obligations, highlighting the contract's significance for its business operations.
Order Details and Specifications
The contract involves re-insulation of exhaust duct of gas turbine at NTPC Limited's Chhattisgarh facility. This specialized work demonstrates Indobell Insulations' expertise in power sector infrastructure maintenance and thermal insulation solutions.
| Parameter | Details |
|---|---|
| Order Value | Rs 85,15,125 (Eighty-Five Lakhs Fifteen Thousand One Hundred and Twenty-Five Only) |
| Client | NTPC Limited, Chhattisgarh |
| Work Nature | Re-insulation of Exhaust Duct of Gas Turbine |
| Completion Timeline | March 2028 |
| Order Type | Domestic |
Payment Structure and Terms
The contract features a structured payment mechanism designed to ensure quality delivery and compliance with safety standards. The payment terms reflect industry best practices for infrastructure projects in the power sector.
| Payment Component | Percentage | Details |
|---|---|---|
| Primary Payment | 85% | After completion of work |
| LD/Delay Provision | 5% | Liquidated damages clause |
| Safety Compliance | 5% | Safety standard adherence |
| Defect Liability | 5% | Post-completion warranty period |
Corporate Compliance and Disclosure
The order disclosure complies with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company confirmed that no promoter or group companies have any interest in NTPC Limited, and the transaction does not fall within related party transactions, ensuring arm's length dealing.
Strategic Significance
This contract reinforces Indobell Insulations Limited's position as a specialized service provider in the power generation sector. The company operates from its registered office in Kolkata with manufacturing facilities in Eastern and Western regions, positioning it well to serve major power utilities across India. The nearly two-year execution timeline until March 2028 provides revenue visibility and demonstrates NTPC's confidence in the company's technical capabilities.
Historical Stock Returns for Indobell Insulations
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.77% | -6.94% | +0.19% | -50.87% | -58.54% | -36.69% |
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