Siyaram Recycling Industries Limited has announced the receipt of a significant purchase order from Greenland Trading Pvt. Ltd., Hong Kong, valued at $12 million. This substantial order underscores the company's growing presence in the international metal recycling market.
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Order Details: The purchase order is for the supply of brass billets, which will be exported to China. However, specific details about the quantity and delivery timeline are not provided in the latest reports.
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Previous Orders: Siyaram Recycling has recently received several notable orders from Greenland Trading, including a $750,000 order for 125 tons of brass billets and a $1.17 million order for 200 tons of brass billets.
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Business Focus: The company specializes in the segregation of brass scrap, manufacturing of brass ingots, billets, and rods, as well as brass-based components like plumbing and sanitary parts.
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Market Impact: This order reflects Siyaram Recycling's capabilities in the metal recycling sector and its expansion into international markets, contributing to its growth and market presence.
This significant order highlights Siyaram Recycling's ability to secure large-scale contracts and expand its global footprint.
Sources: Siyaram Recycling Industries Official Press Release, Marketscreener, The Hindu BusinessLine