Indobell Insulations surged 4.39 per cent to Rs 129.70 after bagging an order worth Rs 12.8 Mn from Bharat Heavy Electricals Limited (BHEL) for the supply and application of thermal insulation for a TIP project. The order is scheduled for completion by 8 November 2027.

The company clarified that its promoters, promoter group, and associated entities have no interest in BHEL, the awarding entity.

Indobell Insulations specialises in the manufacturing and installation of insulation products, primarily catering to the power industry. Its offerings include mineral wool, ceramic wool, prefabricated jackets, and related materials. The company also provides services such as scaffolding, fire protection, and lining, covering residential, commercial, and industrial sectors.

Bharat Heavy Electricals Limited (BHEL), a Navratna Public Sector Undertaking (PSU), is India's largest engineering and manufacturing enterprise operating in the energy and infrastructure sectors. Globally recognised as a leading power equipment manufacturer, BHEL had 63.17 per cent of its shares held by the Government of India as of 31 March 2025.

Source: Capital Market - Live News