Brass Billets Manufacturer Bags New Orders Worth Rs 15,48,00,000 From Greenland Trading Pvt Ltd, Hong Kong
The company has a market cap of over Rs 300 crore and the stock gave multibagger returns of 130 per cent from its 52-week low of Rs 60.63 per share.
Siyaram Recycling Industries Limited has secured two new orders totalling Rs 15.48 crore from Greenland Trading Pvt Ltd, Hong Kong. The first order, valued at approximately Rs 5.28 crore (USD 6,00,000), is for 100 tons of brass billets to be exported to China within 45 days. The second order, also for export to China within 45 days, is for 200 tons of brass billets and is valued at approximately Rs 10.20 crore (USD 11,70,000).
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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 130 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.