Indobell Secures ₹6.98 Cr BHEL Thermal Insulation Order

Key Transaction Details

Indobell Insulations Limited has secured a contract for thermal insulation work from BHEL-Haridwar. The order involves:

• Project Scope: Supply of design, material supply, application at site, and performance testing of thermal insulation
• Project Size: 2 units of 800 MW thermal insulation turbine projects
• Contract Value: ₹6.98 crore (inclusive of applicable GST)
• Client Entity: BHEL-Haridwar (domestic entity)

Significant Terms and Conditions

Payment terms specify that 100% unit-wise payment (including both supply portion and application portion) will be released upon successful completion of work for each respective unit/set. Payment is contingent upon receipt of successful application certificate issued by BHEL at the project site.

Execution Timeline

The order execution deadlines are:

• First unit: February 15, 2030
• Second unit: August 15, 2030

Related Party Considerations

The disclosure confirms that:

• Promoter/promoter group/group companies have no interest in BHEL
• The transaction does not qualify as a related party transaction
• The transaction is conducted at arm's length