Disclosure under Regulation 30 of the Securities and Exchange board of India ( Listing Obligation and Disclosure Requirement) Regulation, 2015 / Disclousure of Reciept of Putchase Order ....
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Awaiting price reaction for this filing.
Siyaram Recycling Industries has received a purchase order from M/s. Greenland Trading Pvt. Ltd., Hong Kong, for 200 tons of Brass Billets to be exported to China. The total contract value is USD 1,200,000, approximately INR 10.35 Crore. Delivery is to be completed within 45 days. The order is from an international entity, and there is no related-party interest. This represents a new export business win for the company in the brass billets segment.
This is a positive development as it adds a new international client and brings in hard-currency revenue. However, given the relatively modest order size (~INR 10.35 Crore), the immediate impact on stock price or long-term earnings is likely limited unless more such orders follow.