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Rajesh Exports bags new export order worth Rs. 942 crores from Germany, Europe

Posted On: 2019-06-19 15:13:40

Rajesh Exports Ltd. (BSE: 531500, NSE: RAJESHEXPO) has bagged a prestigious order worth Rs. 942 Crores of designer range of jewellery from Germany. The said order is to be completed by August 2019.

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

The company had introduced new designs in the international markets which constitute a new range of jewellery. The special significance of this order is the acceptance of the company's new range of jewellery in the global markets. The company expects further significant orders for this range of jewellery from the international markets.

Mr Rajesh Mehta, Chairman, Rajesh Exports Ltd. said, "The hard work of the company's designers and manufacturing personnel has paid rich dividends in the international markets. I am confident that with this order and its successful execution, we would be looking forward for more such orders from other markets."

Shares of RAJESH EXPORTS LTD. was last trading in BSE at Rs.687.7 as compared to the previous close of Rs. 685.05. The total number of shares traded during the day was 53067 in over 1530 trades.

The stock hit an intraday high of Rs. 700.25 and intraday low of 687. The net turnover during the day was Rs. 36703038.


Source: Equity Bulls

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