RECEIVED A NEW DOMESTIC ORDER WORTH RS 1,23,76,119.91
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Awaiting price reaction for this filing.
Indobell Insulations has secured a domestic order valued at Rs 1,23,76,119.91 (approximately Rs 1.24 crore) from Goa Shipyard Limited, which operates under the Ministry of Defence. The order, placed through the Government e-Marketplace (GeM), is for thermal insulation work on exhaust pipe fittings of main engines. The order is to be executed by December 2027, giving the company a multi-year execution runway. The filing confirms the order is domestic, is not a related party transaction, and the promoters have no interest in the awarding entity.
This is a small-ticket order (under Rs 2 crore) from a reputed defence PSU, which adds credibility to Indobell's order book but is unlikely to move the stock meaningfully on its own. The longer execution timeline (till Dec 2027) means revenue will be recognized gradually.