Rajesh Exports shines on bagging order from Germany

Rajesh Exports Ltd. has bagged another prestigious order worth Rs. 863 crores of designer range of gold jewellery from Germany. The said order is to be completed by February 28, 2020.

The company will be executing the order from its own manufacturing facilities, which are the world's largest gold manufacturing facilities and have processing capacity of 250 tons of jewellery and gold products per annum. The company is confident of executing this order well within the time frame on the back of its expertise, skilled craftsmen, artisans, and its exceptionally strong backward integrated infrastructure.

Rajesh Exports introduced new designs in the international markets, which constituted a new range of jewellery. The company expects further significant orders for this range of jewellery from international markets. Its order book  stood at Rs. 53,455.2 crores as on September 30, 2019. This translates book to bill ratio to 0.30x.

Rajesh Exports has emerged as the single largest constituent of the global gold businesses and processes 35 per cent of gold produced across the world. It is the only company with a presence across the value chain of gold from mining till its own retail brand. It has set up 83 retail jewellery showrooms under the brand name of SHUBH Jewellers.

On Friday, the stock of Rajesh Exports surged 3.1 per cent to Rs. 683 in the early morning session from its previous close of Rs. 662.75.