Siyaram Recycling Industries Ltd Secures Order Worth Rs. 2,63,90,287 from Saanvi Metal Craft
Siyaram Recycling Industries Ltd, which operates in the recycling sector and was formerly known as Siyaram Impex Pvt. Ltd., has secured a significant order valued at Rs. 2,63,90,287. The contract was awarded by Saanvi Metal Craft for the supply of Brass Scrap Honey.The order, noted as a fixed cost contract, was awarded by a domestic entity. The total consideration for the material amounted to Rs. 2,63,90,287.
The transaction details highlight that the order is intended to be executed within a timeframe of seven days. Furthermore, the details confirm that the transaction does not fall under related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the contract.
A breakdown of the contract details is provided below:
| Parameter | Detail |
|---|---|
| Awarding Entity | Saanvi Metal Craft |
| Commodity | Brass Scrap Honey |
| Total Value | Rs. 2,63,90,287 |
| Contract Nature | Fixed Cost |
| Source of Order | Domestic |
| Execution Period | Within 7 Days |
| Related Party Interest | No |
Stock Price Movement
As of 10:51, Siyaram Recycling Industries Ltd shares are ticking up, trading at ₹36.68, reflecting a strong gain of 4.32%. The stock has traded robustly today, maintaining a range between a low of ₹35.01 and a high of ₹36.68.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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