Rajesh Exports Ltd bags New Export Order worth Rs. 863 Crores
Rajesh Exports Ltd. (SSE: 531500, NSE: RAJESHEXPO)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.
Company will be executing the order from its own manufacturing facilities, which are the world's largest gold manufacturing facilities. These facilities have 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 order has its special significance for the acceptance of the new range of jewellery introduced by the company in the global markets. The company expects further significant orders for this range of jewellery from international markets. The company will be manufacturing the entire requirement of this order at its own manufacturing facility and is confident of delivering the required order within the time frame based on the robust manufacturing infrastructure of the company.
Mr Rajesh Mehta, Chairman, Rajesh Exports Ltd. said, "Our R & D team has been introducing new and practical designs and concepts in the International Markets for which we have been receiving positive response from the Global Markets. The current order is a testimony to the quality of our products and business practices."
Shares of RAJESH EXPORTS LTD. was last trading in BSE at Rs.662.1 as compared to the previous close of Rs. 661.55. The total number of shares traded during the day was 42355 in over 455 trades.
The stock hit an intraday high of Rs. 671.8 and intraday low of 662.1. The net turnover during the day was Rs. 28149726.