Mumbai, July 15 -- The first order, valued at Rs 49.86 lakh, is for the supply of Brass Scrap Honey (U.K.).

The second order, worth Rs 67.38 lakh, covers the supply of Brass Scrap Honey and Brass Scrap Turning.

Both orders are on a fixed-cost basis and are scheduled to be executed within seven days, the company said in separate regulatory filings.

Siyaram Recycling clarified that Bhavya Impex is a domestic customer and that neither the promoter nor the promoter group has any interest in the awarding entity. It added that the contracts do not constitute related-party transactions.

Siyaram Recycling Industries is engaged in recycling brass scrap and manufacturing brass ingots, billets, rods and brass-based components, including plumbing...