Indobell Insulations Bags ₹2.56 Crore HPCL Visakh Refinery Contract; Stock Up 5%

Kolkata, October 16, 2025:  Indobell Insulations Ltd (BSE: 544334) shares surged by 5% in today’s morning trade. This surge was seen after the company announced said that it has bagged an order of ₹2.56 crore from Bridge and Roof Co. (India) Ltd for insulating the HPCL Visakh Refinery project in Vishakhapatnam marking a significant achievement for the company.

Project Details

The filing by the company under Regulation 30 of SEBI (LODR) Regulations, 2015, mentioned that the project entails the supply and application of insulation, with implementation expected to be completed within five months. The order has been received from a domestic entity, with no promoter or group company interest involved, ensuring that the transaction doesn’t qualify as related party transactions.

The client for the project is Bridge and Roof Co. (India) Ltd for HPCL Visakh Refinery in Vishakhapatnam. The job mostly involves supply and application of insulation with an order value of ₹2.56 crore.

Market Reaction

As of 11:09 AM IST on October 16, the stock is trading at ₹96.50, up ₹4.60 or 5.01% higher from its last close of ₹91.90. The stock opened at ₹100.95, high of the day at ₹100.95, and low of ₹95.00. It traded 6,750 shares and developed a turnover of ₹6.65 lakh. Market capitalization of the company was at ₹59.85 crore. 52-week range for the stock is ₹83.03 to ₹166.75 and the VWAP is ₹98.55.

Kolkata-based Indobell Insulations Ltd deals in the production and installation of insulation material for industrial purposes. Indobell Insulations is listed on the BSE SME platform in the category Other Industrial Products. Offering thermal as well as acoustic insulation solutions to large infrastructure and refinery projects within India, the company deals in industrial-grade insulation and is one of the major players in providing support to large projects with efficient thermal management solutions.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/fc3b01ab-73a2-4b20-86b4-82bb7a4e6d7e.pdf

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