Brass Billets Manufacturer Bags New Export Order Worth Rs 3,65,00,000 From Green Metals FZCO Dubai
The company has a market cap of over Rs 250 crore and the stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 55 per share.
Siyaram Recycling Industries Limited announced a new export order from Green Metals FZCO, a Dubai-based company. The contract is valued at USD 4,34,250 (approximately Rs 3.65 crore) and involves the export of 75 tons of brass billets to China. Siyaram Recycling Industries must fulfil the order within 30 days.
Earlier, the company was awarded a contract by Axelon Group, Jamnagar, for the supply of 50 tons of Brass Rods valued at approximately Rs 3 crore, to be completed within 30 days. Additionally, Siyaram Recycling has secured a substantial export order for 125 tons of Brass Billet from Greenland Trading Pvt Ltd., Hong Kong, valued at approximately Rs 6.30 crore (USD 7,50,000). This international contract is scheduled for delivery within 30 days, highlighting the company's efficiency in fulfilling export obligations.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
About the Company
Siyaram Recycling Industries Ltd, established in 2007, is primarily engaged in the recycling of brass scrap. The company's operations involve segregating brass scrap, manufacturing brass ingots, billets, and rods, as well as producing brass-based components. The manufacturing facilities are spread across three units, each dedicated to a specific aspect of the business. Siyaram Recycling Industries Ltd markets its products domestically in 18 states and Union Territories of India, with a significant portion of its revenue generated from Gujarat. Additionally, the company exports its products to countries including China, Germany, Belgium and Oman.
The company has a market cap of over Rs 250 crore and the stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 55 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.