Indobell Insulations Secures ₹6.98 Cr Domestic Order from BHEL

Indobell Insulations Limited has announced securing a new domestic order from BHEL - Haridwar, valued at ₹6.98 Cr. The order entails the supply of design, material, application at site, and performance testing of thermal insulation for two 800 MW thermal insulation turbine projects. The execution period for this order is between February 15, 2030, and August 15, 2030. Payment terms stipulate 100% unit-wise payment upon successful completion of work for each unit, including supply and application portions, after receiving a successful application certificate from BHEL at the project site. The company confirmed that promoters or their group companies have no interest in BHEL Haridwar, and the transaction does not fall under related party transactions.