NEW DOMESTIC ORDER WORTH RS 1,38,70,074.00 RECEIVED
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indobell Insulations Ltd has received a domestic order from Bharat Heavy Electricals Limited (BHEL), a Central Public Sector Enterprise under the Ministry of Heavy Industries. The order is for the supply and application of thermal insulation of TIP (Thermal Insulation Package) worth Rs 1,38,70,074. The order was secured through the Government e Marketplace (GeM) platform. Payment terms are within 90 days of CRAC submission and online bill submission. The order is to be executed by July 2027. The company has confirmed no related party transaction or promoter interest in BHEL.
This is a positive development as the company has secured a government-linked order, though the order size is modest at approximately Rs 1.39 crore. Without revenue figures, it's difficult to assess the order's relative significance to the company's financials.