Mumbai, June 13 -- The company has secured a domestic order from Skoda Power Private Limited for the supply of thermal insulation products. The contract, valued at Rs 5.10 crore, is scheduled to be executed by 15 September 2026.

As per the agreed payment terms, Indobell will receive 10% as advance payment, 15% against engineering drawings, 65% upon delivery within 45 days, and the remaining 10% against a bank guarantee. The company stated that the order does not constitute a related-party transaction and that neither its promoters nor promoter group entities have any interest in the contract.

In a separate development, Indobell Insulations has also secured an export order from GE Vernova Operations LLC, Cambridge, USA, for the supply of...