NEW DOMESTIC ORDER WORTH RS 6,64,02,288.60
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Awaiting price reaction for this filing.
Indobell Insulations has secured a domestic order valued at Rs 6,64,02,288.60 (approximately Rs 6.64 crores) from Bharat Heavy Electricals Limited (BHEL), a government-owned public sector company. The order is for the supply of 10 units of Piping Thermal Insulation (TIP). The contract is to be executed by July 2029, giving the company roughly 3.5 years to deliver. The filing confirms there is no related party involvement and promoters have no interest in BHEL. The order has been disclosed to the stock exchange under SEBI's Regulation 30 disclosure norms.
Positive for the company as it adds a sizeable order from a reputed government PSU, strengthening the order book. The long execution window of about 3.5 years means revenue will be recognised gradually rather than in a single quarter, providing some visibility but no immediate big earnings boost.