Insulation engineering company receives Rs 1,23,76,119.91 order from Goa Shipyard Ltd

Kiran DSIJ / 09 Feb 2026 / Categories: Penny Stocks, Trending

The stock is up by 15.22 per cent from its 52-week low of Rs 46.01 per share.

Indobell Insulations Ltd has secured a domestic contract from Goa Shipyard Limited, under the Ministry of Defence, for the thermal insulation and servicing of exhaust pipe fittings for main engines. Valued at approximately Rs 1,23,76,119.91, the order was bagged through the Government e-Marketplace (GeM) portal. This project, which aligns with the company's significant presence in the marine sector—contributing roughly 35-40% of its revenue—is scheduled for execution by December 2027. By securing this contract from a prominent Public Sector Undertaking (PSU), Indobell Insulations further demonstrates its technical capability in providing specialised thermal solutions for defence-grade naval infrastructure.

Earlier, the company secured two international contracts from GE Vernova Operations LLC – Cambridge, USA, for steam turbine insulation services with a combined valuation of USD 175,955. The first order, valued at USD 89,980, is slated for completion by April 2026, while the second export contract, worth USD 85,975, is expected to be executed by August 2026. These back-to-back agreements highlight the entity's ongoing involvement in providing specialised insulation solutions for major global energy infrastructure projects.

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About the Company

Incorporated in May 1972, Indobell Insulations Limited specialises in the manufacture of diverse insulation products, including nodulated/granulated mineral and ceramic wool and prefabricated thermal insulation jackets. Beyond manufacturing, the company offers a comprehensive suite of services encompassing consultancy, engineering, fabrication, material supply, installation, supervision and project management. Indobell Insulations caters to critical sectors such as power plants, Railways, aeronautics and navigation, leveraging its two manufacturing facilities located in West Bengal and Maharashtra to produce its specialised insulation solutions.

In FY25, the company reported net sales of Rs 25.73 crore and net profit of Rs 2.19 crore. The company has a market cap of Rs 32 crore and has been maintaining a healthy dividend payout of 28.2 per cent. The stock is up by 15.22 per cent from its 52-week low of Rs 46.01 per share.

Disclaimer: The article is for informational purposes only and not investment advice.