Rajesh Exports Ltd Bags New Export Order worth Rs. 933 Crores
Deepthi | Myequity news | Date : 21-11-2018 10:30:00 IST
Rajesh Exports Ltd. has procured a prestigious order for its products for a value of Rs. 933 Crores. The order has been procured beating global competition from a well established and prestigious global white label importer from UAE. The said order is to be completed by March 2019.
Company will be executing the order from its manufacturing facility, which is the world's largest gold manufacturing facility. This facility has a processing capacity of 250 tons of jewellery and gold products per annum. Company is confident of executing this order well within the time frame on the back of its expertise, skilled craftsmen, artisans & its exceptionally strong backward integrated infrastructure.
The company had introduced new designs in the international markets which constitute a new range of jewellery. The order has its special significance for the acceptance of the new range of jewellery introduced by the company in the global markets. The company expects further significant orders for this range of jewellery from the international markets. The company will be manufacturing the entire requirement of this order at its own manufacturing facility and is confident of delivering the required order within the time frame based on the robust manufacturing infrastructure of the company.
Mr Rajesh Mehta, Chairman, Rajesh Exports Ltd.
said, "We have bagged a large order this month amid strong global competition which speaks volumes about the quality of our products, prompt execution and attractive pricing. We are delighted that the company has been witnessing consistent orderflow from its customers across the globe. We have also been launching new products across different lines and at different price points in the retail segment, regularly, so that our customers have a wide range of products to select from to suit their price points.” About Rajesh Exports Limited:
Rajesh Exports Ltd is a zero debt company on standalone basis with annual sales of 1877 Billion on a consolidated basis in FY18. The Company emerged as the single largest constituent of gold business in the world. Rajesh Exports processes 35% of gold produced in the world. Rajesh Exports is the only Company with a presence across the value chain of gold from mining till its own retail brand. The Company is the largest refiner of gold in the world. Rajesh Exports Ltd. is the largest Manufacturer of gold products in the world.