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Rajesh Exports bags Rs 878 cr export orders from UAE

Bengaluru-based exporters of gold and diamond jewellery, Rajesh Exports Ltd has procured a prestigious order for its products for a value of Rs 878 crore, says a release on 19th Dec. The order has been secured beating global competition from a well established and prestigious global white label importer from UAE. The said order is to be completed by April 2018. Company will be executing the order from its facility, which is the world’s largest gold manufacturing facility. This facility has a processing capacity of 250 tons of jewelry 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.

Mr Rajesh Mehta, Chairman, Rajesh Exports Ltd (REL), said, “I am delighted to announce one more prestigious order secured by the company. The company has been developing new products and delivering the products on time with the highest quality standards, due to which, the company has been receiving these orders from various global counterparts. We will continue to deliver world class products and I am confident that we will continue to receive more orders of our products.

REL is a zero debt company on standalone basis with an annual sales of $37 billion on a consolidated basis in FY17. The company emerged as the single largest constituent of gold business in the world. The company processes 35% of gold produced in the world. Rajesh is the only company with a presence across the value chain of gold from mining till its own retail brand.  The company is the largest refiner of gold in the world. With the recent acquisition of Valcambi, the world’s largest gold refinery at Switzerland, Rajesh Exports has built up a total capacity to refine 2,400 tons of precious metals per annum. Valcambi is a LBMA accredited refinery, the gold bars produced at Valcambi are good delivery bars, accepted across all the precious metal exchanges of the world and by all the Bullion banks.

The company is touted to be the largest manufacturer gold products in the world. Across its various manufacturing facilities to produce 400 tons of world class gold products per annum including the finest plain and studded jewellery, medallions and coins. More to its credit, the company has set up the world’s finest R&D facilities in Switzerland and in India for developing new designs and for evolving innovative manufacturing process for manufacture of world class gold products.  The company exports its products to various countries around the world and also supplies its products in wholesale market and jewellery showrooms across India. It has set up 81 retail jewellery showrooms under brand name of SHUBH Jewelers.

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