Siyaram Recycling wins $426,000 export order for brass billets

Siyaram Recycling Industries Ltd has secured a new export order worth $426,000 from Green Metals FZCO for the supply of brass billets. The order is scheduled to be executed within 7 days, highlighting the company's ability to fulfill international demand on short notice. This development underscores the company's growing footprint in the global metals recycling sector.

Order Details

The key parameters of the transaction are summarized below:

Parameter:	Details
Order Value:	$426,000
Product:	Brass Billets
Customer:	Green Metals FZCO
Location:	UAE
Nature:	Fixed Cost
Execution Timeline:	Within 7 Days

Significance

The receipt of this order from Green Metals FZCO, an international entity, reflects Siyaram Recycling's active engagement with buyers in the UAE market. Brass billets serve as a crucial raw material for various manufacturing processes. The 7-day execution window demonstrates the company's operational readiness and logistical efficiency to meet tight delivery schedules in the export market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.41%	+0.56%	-8.64%	-38.52%	-71.84%	-40.52%

Siyaram Recycling Industries Limited has secured a significant order worth Rs 1,12,69,000 from Anurag Impex for the supply of Brass Scrap Honey. The order, awarded by a domestic entity, is a fixed-cost contract that must be executed within 7 days. This development was communicated to the stock exchange pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

The order details were submitted in compliance with SEBI Circular SEBI/HO/CFD/CFDPod-1/P/CIR/2023/123 dated July 13, 2023. The disclosure confirms that the promoter, promoter group, or group companies do not hold any interest in Anurag Impex. Furthermore, the transaction does not qualify as a related party transaction and was conducted at arm’s length.