Siyaram Recycling Industries Secures Rs 1.43 Crore Order from Supreme Industries
Siyaram Recycling Industries Limited announced securing a Rs 1.43 crore order from The Supreme Industries Ltd. for CPVC products including 1/2" FEMALE INSERT NEW MODIFIED and AQUA TOPPER variants. The domestic fixed-cost contract is to be executed within 6 months and represents a significant business development for the company in the recycling industry.
*this image is generated using AI for illustrative purposes only.
Siyaram Recycling Industries Limited has announced a significant business development, securing a new order worth Rs 1.43 crore from The Supreme Industries Limited. This latest contract highlights the company's growing presence in the recycling industry and its ability to attract orders from established players in the market.
Order Details
| Aspect: | Details |
|---|---|
| Order Value: | Rs 1,43,36,410.00 |
| Client: | The Supreme Industries Ltd. - Jalgaon(F) - MDP |
| Product: | 1/2" FEMALE INSERT NEW MODIFIED and FEMALE INSERT 1/2" CPVC/AQUA TOPPER |
| Execution Timeline: | Within 6 months |
| Nature of Order: | Domestic, Fixed-cost |
| Related Party Transaction: | No |
The order encompasses 1/2" FEMALE INSERT NEW MODIFIED and FEMALE INSERT 1/2" CPVC/AQUA TOPPER products, representing a domestic fixed-cost contract that Siyaram Recycling Industries is expected to fulfill within a six-month timeframe. This development is particularly noteworthy as it does not involve any related party transactions, indicating a purely business-driven arrangement between the two companies.
Company Disclosure
In compliance with regulatory requirements, Siyaram Recycling Industries Limited has formally disclosed this information to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's scrip code on the BSE is 544047. The disclosure was signed by Managing Director Bhavesh Ramgopal Maheshwari (DIN: 06573087).
Market Implications
This order from The Supreme Industries Limited, a well-established name in the industry, could potentially signal confidence in Siyaram Recycling's capabilities and product quality. For investors and market watchers, this development may be seen as a positive indicator of the company's business trajectory and its ability to secure significant contracts in a competitive market landscape.
The successful execution of this order within the stipulated timeframe could further strengthen Siyaram Recycling's position in the market and potentially lead to more such opportunities in the future. However, as with any business contract, the actual impact on the company's financial performance will depend on various factors, including efficient execution and cost management.
Investors and stakeholders will likely keep a close eye on Siyaram Recycling Industries' performance in fulfilling this order and any subsequent developments that may arise from this business relationship with The Supreme Industries Limited.
Historical Stock Returns for Siyaram Recycling Industr
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.70% | -2.16% | -2.24% | -11.43% | -66.66% | -41.11% |
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