Siyaram Recycling Industries’ Order Analyzed
Siyaram Recycling Industries has won a big deal! They’ll be making parts for Supreme Industries, a really large company that makes plastic products. This order is worth a lot – Rs 1,43,36,410 – and they have six months to finish it.
Key Points
- Siyaram Recycling makes parts from old brass.
- Supreme Industries is a major plastic manufacturer.
- The order is fixed-cost, delivered within six months.
- Total value of the order is Rs 1,43,36,410.
- No related-party involvement, a safe transaction.
- Stock prices reacted positively to the announcement.
About Siyaram Recycling Industries
Siyaram Recycling Industries focuses on turning old brass into new parts. They take scrap brass and remake it into things like fittings and connectors. This new order shows they’re a reliable company in the recycling business.
About Supreme Industries
Supreme Industries is a huge company in India that makes a lot of plastic products. They make things like pipes, films, and containers for many different industries. They’re known for making high-quality plastic solutions across various sectors.
The Order Details
The deal involves supplying 1/2″ female insert (new modified) and female insert 1/2″ CPVC/aqua topper to Supreme Industries. The order is a fixed-cost agreement, meaning Siyaram Recycling Industries will receive a set price regardless of how long it takes to complete. This contract is expected to be finished within six months.
Stock Market Reaction
After the news, the stock price of Siyaram Recycling Industries went up slightly by 0.07% to Rs 54.20. Supreme Industries’ stock also increased by 0.20% to Rs 3,278.80 on the BSE.
This deal demonstrates the growing demand for recycled materials in India’s industrial sector.
