Rajesh Exports bags orders worth Rs. 933 crore

Rajesh Exports beats global competition to secure an export order amounting to Rs. 933 crore from a distinguished global white label importer based in U.A.E. 

The execution of the order will take place from the company’s manufacturing facility, which is prominently recognized as the world’s largest gold manufacturing facility. Armed with a processing capacity of 250 tons of jewellery and gold products per annum, skilled craftsmen and a remarkably strong backward integrated infrastructure, the company is optimistic about delivering the order by March 2019. 

The company had developed new designs for the international market; therefore, their acceptance is a significant achievement. It expects further orders in the international market for this range of jewellery. Management attributes the consistent order flow from customers to superior quality of products, swift execution and attractive pricing. 

Rajesh Exports is also launching several new products across different lines and price points in the retail segment in order to serve customers with diverse choices. The company is also identified as the largest refiner of gold – a status that was further augmented by the company’s recent acquisition of Valcambi, the world’s largest gold refinery in Switzerland. The company’s products are exported to several countries as well as offered in wholesale markets and jewellery showrooms across India. It has established 81 retail jewellery showrooms under the brand name of SHUBH Jewellers. 

On Wednesday, the shares of Rajesh Exports opened at Rs. 573.50 per share, and hit a high and low of Rs. 575.90 per share and Rs. 570.75 per share, respectively. At 10:05 am, the stock was trading at Rs. 571.75 per share, up 0.26 per cent.