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Last Updated : Nov 02, 2016 05:52 PM IST | Source: PTI

Rajesh Exports bags Rs 1,206 crore export order from UAE

"The order will be executed at the company's manufacturing facility at Bangalore which is the world's largest gold manufacturing facility," it said.

 
 
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Rajesh Exports Ltd today said it has bagged an order of Rs 1,206 crore from the UAE to export designer range of gold and diamond studded jewellery and medallions.


The export order is to be completed by February 2017, the company said in a BSE filing.


"The order will be executed at the company's manufacturing facility at Bangalore which is the world's largest gold manufacturing facility," it said.

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The manufacturing facility has an installed capacity to process 250 tonnes of jewellery and gold products per annum.


Rajesh Exports Chairman Rajesh Mehta said the company is consistently securing orders from the international market.


"Post Valcambi acquisition, the company has established a strong global presence," he said, adding that the company has been consistently growing over past several years even during challenging times for gold industry.


Rajesh Exports, which was established in 1989, is the largest processor of gold in the world. It has presence across the value chain of gold from mining to retail brand. It is also the world's largest refiner of gold.


With the recent acquisition of Valcambi, the world's largest gold refinery based in Switzerland, the company has built up a total capacity to refine 2,400 tonnes of precious metals per annum, the filing said.

Rajesh Exports has set up 80 retail jewellery showrooms under the brand SHUBH Jewellers.



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First Published on Nov 2, 2016 05:48 pm
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