Siyaram Recycling Secures Brass Scrap Order
ECONOMY & POLICY

Siyaram Recycling Secures Brass Scrap Order

Siyaram Recycling Industries Limited (Siyaram Recycling) has secured an order from Metal Scrap India for the supply of brass scrap. The contract was disclosed in a regulatory filing to BSE Limited (BSE) and carries a value of Rs 9.92 mn following conversion from the amount stated in the filing. The company characterised the engagement as a domestic fixed cost order to be executed within five days.

The order was recorded as worth Rs 99,23,800 in the submission and converted to the equivalent in millions for clarity, resulting in Rs 9.92 mn. The awardor is a domestic counterparty and the company confirmed that neither the promoter group nor related parties have any interest in the buyer. The transaction does not fall within related party rules and was described as an arm's length commercial sale.

Siyaram Recycling indicated that the supply concerns brass scrap and that operational teams in Jamnagar will handle fulfilment and logistics promptly. The company specified a five day timeline for completion and noted that the arrangement is time bound and fixed price, reducing exposure to near term market volatility. Production and dispatch were framed as routine commercial activity within the firm’s existing scrap handling operations.

The disclosure was signed by the managing director as part of formal compliance with SEBI listing obligations and related circulars, and the company requested that the filing be taken on record by the exchange. The filing date was 17 July 2026 and the place of dispatch was Jamnagar, according to the document. Market participants may record the order as a minor revenue event for the quarter given its scale relative to typical manufacturing contracts.

Siyaram Recycling Industries Limited (Siyaram Recycling) has secured an order from Metal Scrap India for the supply of brass scrap. The contract was disclosed in a regulatory filing to BSE Limited (BSE) and carries a value of Rs 9.92 mn following conversion from the amount stated in the filing. The company characterised the engagement as a domestic fixed cost order to be executed within five days. The order was recorded as worth Rs 99,23,800 in the submission and converted to the equivalent in millions for clarity, resulting in Rs 9.92 mn. The awardor is a domestic counterparty and the company confirmed that neither the promoter group nor related parties have any interest in the buyer. The transaction does not fall within related party rules and was described as an arm's length commercial sale. Siyaram Recycling indicated that the supply concerns brass scrap and that operational teams in Jamnagar will handle fulfilment and logistics promptly. The company specified a five day timeline for completion and noted that the arrangement is time bound and fixed price, reducing exposure to near term market volatility. Production and dispatch were framed as routine commercial activity within the firm’s existing scrap handling operations. The disclosure was signed by the managing director as part of formal compliance with SEBI listing obligations and related circulars, and the company requested that the filing be taken on record by the exchange. The filing date was 17 July 2026 and the place of dispatch was Jamnagar, according to the document. Market participants may record the order as a minor revenue event for the quarter given its scale relative to typical manufacturing contracts.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code