Siyaram Recycling Secures ₹16.81 Million Brass Scrap Order, Stock Rises Nearly 2%

Jamnagar, September 17, 2025 — Siyaram Recycling Industries Ltd (BSE: 544047) declared that it has secured a domestic order for a price of ₹16.81 million from H K Impex for Brass Scrap Honey. This fixed-cost order will be executed within six months. Post-announcement, the company’s share price saw a rise of nearly 2% in early trade today, reflecting investors’ confidence in the company’s futuristic growth.

Siyaram Recycling Industries Ltd is based in Jamnagar, Gujarat, and is grouped in other industrial products. The company is engaged in the recycling and processing of brass and scrap brass and is listed on the BSE under the “M” group and T+1 settlement.

Details of the Order

The company confirmed that the order is not a related-party transaction because promoters or group companies do not have any interest in H K Impex. The agreement includes the supply of Brass Scrap Honey under a fixed-cost model, for certainty in execution over the six months.

Market Response to the Announcement

The news propelled the shares of Siyaram Recycling on the BSE, with the shares closing at ₹113.65, gaining ₹3.30 (2.99%) from the previous close of ₹110.35. The scrip had an intra-day high of ₹113.85 and a low of ₹110.10 on a total volume of 0.44 lakh shares and a turnover of ₹48.70 lakh. The counter has traded between ₹183.85 on the upper end of the range and ₹101.10 on the lower end over the previous 52 weeks.

Siyaram Recycling is likely to see continued growth in its operations, driven by increased demand for recycled brass and steady orders. The firm’s emphasis on structured contracts and execution efficiency should facilitate improved performance next quarter.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/3e5a0d6e-226e-42ea-93e7-5cff78581e3f.pdf

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