Rajesh Exports bags gold jewellery order worth Rs 863 crore from Germany
today Dec 1, 2019
Rajesh Exports Limited has received an order worth Rs 863 crore ($120.3 million) for a designer range of gold jewellery from Germany.
The company expects to deliver the orders by February 28, 2020 and will be executed from its largest gold manufacturing facilities.
Rajesh Exports is expecting similar orders for its gold jewellery from international markets in the coming months.
Rajesh Mehta chairman at Rajesh Exports Ltd in a statement said: "Our R&D team has been introducing new and practical designs and concepts in the international markets for which we have been receiving a positive response from the global markets. The current order is a testimony to the quality of our products and business practices."
“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,” Mehta added.
Rajesh Exports had reported a net profit to Rs 316 crore for the second quarter with a revenue of Rs 66,827.
The company has 82 retail jewellery showrooms for Shubh Jewellers and supplies jewellery to about 5,000 retail showrooms across the globe.
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