Siyaram Recycling Wins Orders Worth ₹5.18 Crore for Brass Scrap

MUMBAI, India — Siyaram Recycling Industries Ltd has secured a cumulative ₹5.18 crore in new orders from domestic clients for the supply of brass scrap products. The development, disclosed through regulatory filings on July 2 and July 6, 2026, underscores the company's ongoing momentum in the Indian non-ferrous metal recycling sector.

The new contracts, awarded to the Mumbai-based manufacturer, involve the supply of "Brass Scrap Honey" and standard brass scrap to several domestic entities, including Saanvi Metal Craft, Metal Scrap India, H K Impex, and Micronova Industries. These agreements are structured as fixed-cost contracts, reinforcing the firm's reliance on high-frequency, short-cycle supply arrangements.

Expanding Domestic Order Book

The largest among the recent contracts is an order valued at approximately ₹2.29 crore from Saanvi Metal Craft for the supply of Brass Scrap Honey. In addition, the company secured a ₹97.70 lakh order from Metal Scrap India, a ₹98.41 lakh order from Micronova Industries, and a ₹92.11 lakh agreement with H K Impex.

According to filings submitted under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, these orders are set for rapid execution, with delivery timelines ranging from seven to 15 days. These recent wins complement earlier project successes in 2026, including a significant contract with The Supreme Industries Ltd.

Commitment to Operational Transparency

Addressing market transparency, Siyaram Recycling Industries has officially confirmed that none of these recent agreements constitute related-party transactions. The company stated that all contracts were conducted at arm's length, and neither the company’s promoters nor the promoter group entities hold any financial or operational interest in the client companies awarding these orders.

"According to official statements, these contracts are part of the ordinary course of business and demonstrate the company’s sustained commercial engagement with key players in India’s industrial hardware and plumbing sectors," industry observers noted.

Why It Matters

For investors and stakeholders, these consistent contract wins provide essential revenue visibility for a firm navigating a challenging fiscal landscape. While the individual contract sizes are modest, the cumulative volume of orders serves as a barometer for demand in the circular economy space. As Indian manufacturers increasingly prioritize sustainable sourcing to manage raw material costs, companies like Siyaram Recycling are positioning themselves as critical suppliers of recycled industrial inputs.

Key Facts at a Glance

• Total Cumulative Value: Approximately ₹5.18 crore.

• Primary Products: Brass Scrap Honey and general brass scrap.

• Key Clients: Saanvi Metal Craft, Metal Scrap India, H K Impex, and Micronova Industries.

• Nature of Contracts: Fixed-cost domestic agreements.

• Execution Timeline: Short-cycle delivery within 7 to 15 days.

Frequently Asked Questions (FAQ)

What is the primary business of Siyaram Recycling Industries? The company specializes in the segregation of brass scrap and the manufacturing of brass ingots, billets, and components for the plumbing and sanitaryware industries.

How does this recent development impact the company's financial outlook? While these orders are typical of the company's ongoing business, they provide consistent cash flow and operational utilization, reflecting stable demand for recycled metals.

Are these orders subject to related-party scrutiny? No, the company has officially confirmed that all recent orders were executed at arm's length and do not involve any interest from the promoters or the promoter group.

Source: BSE Limited (Exchange Filings), Siyaram Recycling Industries Investor Relations, ScanX, EquityBulls