Siyaram Recycling rises after bagging order worth Rs 2 crore

Siyaram Recycling Industries rose 1.28% to Rs 33.90 after the company secured an order worth Rs 2.02 crore from Green Metals FZCO, Dubai, United Arab Emirates, for brass billets.

According to an exchange filing, the order is to be executed within seven days. The company clarified that the transaction does not fall under related-party transactions and that the promoter, promoter group and group companies have no interest in the awarding entity.

Siyaram Recycling Industries is engaged in recycling brass scrap and manufacturing brass ingots, billets, rods and brass-based components, including plumbing and sanitary fittings, catering to customer-specific requirements. On a standalone basis, the company's net profit fell 74% to Rs 3.79 crore while net sales dropped 29.3% to Rs 361.69 crore in FY25 over FY26.

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