Siyaram Recycling Industries Limited has announced a significant purchase order valued at $750,000 (around ₹6.30 crore) from Hong Kong’s Greenland Trading Pvt. Ltd. for the supply of 125 tonnes of brass billets. As of 1 PM today, the company’s shares were trading at ₹169.00, reflecting an increase of ₹4.85 or 2.95% on the BSE.
The order mandates delivery within 30 days, with the brass billets set to be exported to China. The companyclarified that this transaction does not involve any related parties and that the promoter group has no connections to Greenland Trading Pvt. Ltd.
This contract marks a noteworthy export achievement for Siyaram Recycling, underscoring its strengths in the metal recycling industry and its efforts to expand into global markets. Siyaram Recycling Industries Limited saw its revenue decline by 16.06%, dropping from Rs. 492 crore in FY23 to Rs. 413 crore in FY24.
Despite this, the company’s net profit increased by 14.29%, rising from Rs. 7 crore in FY23 to Rs. 8 crore in FY24. Over the past three years, the company’s revenue and net profit have grown at a compound annual growth rate (CAGR) of 43.76% and 100%, respectively.
Siyaram Recycling Industries Limited, established in 2007 as SiyaramImpex Private Limited in Gujarat, specializes in segregating brass scrap and manufacturing brass ingots, billets, and rods. Additionally, the company produces brass-based components like valves and sanitary parts from its two manufacturing units located in Jamnagar, Gujarat.
Siyaram sources brass scrap internationally from regions such as the USA, UK, Europe, and the Middle East for its operations. Serving customers in 18 Indian states, the company also exports to countries like China, Germany, Belgium, and Oman through its three specialized units.
Siyaram’s client portfolio includes major industry names such as Astral Limited, Supreme Industries, and AGI Greenpac, with its manufacturing units handling tasks from scrap segregation to the production of finished brass components.
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