Brass billets manufacturer bags international order worth Rs 5,30,00,000 from AL Qaryan International DMCC, Dubai UAE
The company has a market cap of over Rs 300 crore and the stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 60.63 per share.
Siyaram Recycling Industries Limited has secured a significant international purchase order from AL Qaryan International DMCC, Dubai UAE, valued at USD 6,06,000, equivalent to approximately Rs 5.30 crore. This contract, awarded by an international entity, stipulates the supply of 100 tons of Brass Billets for export to China, with a fulfillment deadline of 45 days.
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 300 crore and the stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 60.63 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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