Siyaram Recycling Industries Secures Fixed-Cost Order Worth Rs 97,70,400 from Metal Scrap India
Siyaram Recycling Industries Ltd has secured a significant order from Metal Scrap India for the supply of Brass Scrap, valued at Rs 97,70,400. This contract provides Siyaram Recycling with a fixed-cost revenue stream and is expected to be executed within seven days.The transaction involves a domestic entity and does not involve any interest or relationship between the Metal Scrap India entity and the promoter group of Siyaram Recycling Industries Ltd. Furthermore, the order has been confirmed as not falling under related party transactions.
Details regarding the secured contract are summarized below:
| Detail | Specification |
|---|---|
| Awarding Entity | Metal Scrap India |
| Nature of Order | Fixed cost for Brass Scrap |
| Order Value | Rs 97,70,400 |
| Execution Timeline | Within 7 Days |
| Entity Type | Domestic |
The order confirms Siyaram Recycling's ongoing business operations in the scrap industry.
Stock Price Movement
Siyaram Recycling Industries Ltd's shares are ticking up to ₹39.61 as of 13:22, reflecting a 2.54% gain for the day. The stock moved within an intraday range established between ₹38.31 and its high of ₹39.90.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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