Indobell Insulations Limited has successfully secured a significant order worth INR 11.01 Crores (inclusive of GST) for the supply and application of Hot Lagging. The contract is awarded by Cochin Shipyard Limited, a Central PSU under the Ministry of Ports, Shipping, and Waterways.
Key Details of the Order:
- Awarding Entity:
- Name: Cochin Shipyard Limited
- Type: Central PSU under the Department of Public Enterprises, Ministry of Ports, Shipping, and Waterways
- Nature of Work:
- Scope: Supply and application of Hot Lagging on a sale basis.
- Contract Details:
- Value: ₹11,01,45,000/- (inclusive of all duties and taxes).
- Execution Period: The project will span from 13th January 2025 to 28th February 2025.
- Domestic Contract:
- The contract has been awarded by a domestic entity.
This contract highlights Indobell Insulations’ expertise in providing critical insulation solutions to large-scale domestic projects.
In the meantime, Indobell Insulations Ltd had a remarkable debut on the stock exchanges today, January 13, with its shares opening at ₹87.40 on the BSE SME platform. This marks a significant 90% premium over the issue price of ₹46. The impressive listing comes after strong investor demand, with the IPO being oversubscribed by 54 times during the offering period from January 6 to January 8.
