Siyaram Recycling Industries surges on securing order worth Rs 10 crore

Siyaram Recycling Industries jumped 6.19% to Rs 139 after the company received a purchase order worth Rs 10.35 crore from Greenland Trading, Hong Kong, for exporting 200 tons of brass billets to China.

The contract, valued at approximately $1.2 million (around Rs 10.35 crore), is expected to be executed within 45 days.

Siyaram Recycling Industries is primarily engaged in the recycling of brass scrap.

On a full-year basis, the company's net profit jumped 4.9% to Rs 7.52 crore on a 16.2% drop in net sales to Rs 412.99 crore in FY24 over FY23.

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