Rajesh Exports Ltd Procures Export Order worth Rs.1079 Crores
Order to be manufactured in the state of the art facility of the world's only end to end integrated company.
Deepthi | Myequity news | Date : 14-03-2019 12:28:00 IST
Rajesh Exports Ltd. has procured a prestigious order for its products for a value of Rs. 1079 Crores. The order has been procured beating global competition from a leading wholesaler and stockiest of Middle East for further distribution to the global markets. The order is to be completed by June 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, "The new designs and range of jewellery introduced by the company in the global markets has received good response from international market. Bagging a large order amid strong global competition speaks volumes about the designing, Research and development capabilities, products, prompt execution and attractive pricing of the company. This order will continue to strengthen our position in the global market.
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 which 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.