24 Mar 2019 | 11:15 AM

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COMPANYNEWS
Gold refiner Rajesh Exports bags order worth Rs 1079 cr from Middle East
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Published on 03-14-2019
Gold refiner Rajesh Exports on Thursday said the company has secured a new export order worth Rs 1079 crore from Middle East.


The order is to be completed by June the company said in a regulatory filing.


The company will manufacture the entire requirement of this order at its own manufacturing facility and is confident of delivering the required order within the time frame it added.


The company further noted the order has its special significance for the acceptance of the new range of jewellery introduced by the company in the global markets and expects further significant orders for this range of jewellery from the international markets.


"Bagging a large order amid strong global competition speaks volumes about the designing R&D capabilities products prompt execution and attractive pricing of the company" Rajesh Exports Chairman Rajesh Mehta said.


The Bengaluru-headquartered company has global manufacturing and marketing network with distribution through exports wholesale and directly to consumers by its own retail brand.


The company refines over 35 per cent of the world`s gold. Its refineries are located in Uttarakhand and at Balerna in Switzerland. It has a capacity to refine 2400 tonne of gold per annum.