Business News | Rajesh Exports Bags Rs 691 Crore Order from Germany
Get latest articles and stories on Business at LatestLY. Rajesh Exports, the world's largest manufacturer of gold products, said on Friday it has bagged an order worth Rs 691 crore of designer range of jewellery from Germany.
Bengaluru (Karnataka) [India], Sep 17 (ANI): Rajesh Exports, the world's largest manufacturer of gold products, said on Friday it has bagged an order worth Rs 691 crore of designer range of jewellery from Germany.
The order is to be completed by December. The company will execute the order from its own manufacturing facility which has a processing capacity of 250 tonnes of jewellery and gold products per annum.
"The company is confident of executing this order well within the time frame on the back of its expertise, skilled craftsmen, artisans and its exceptionally-strong backward-integrated infrastructure," it said in a statement.
Rajesh Exports had introduced new designs in the international markets which constitute a new range of jewellery. The company expects further significant orders.
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Rajesh Exports Ltd is a zero debt company on standalone basis with annual sales of Rs 2.58 lakh crore on a consolidated basis for FY21. It processes about 35 per cent of gold produced in the world. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)