Rajesh Exports bags order worth Rs 942 crore, stocks shoot up by 2.19%

Rajesh exports recently bagged an order worth Rs 942 crore from Germany to supply range of designer jewellery. In a regulatory filing, the company said that the German order is to be completed by August 2019. This order resulted in boosting up of Rajesh Exports’ stocks by 2.19%the next day.

Rajesh Exports is the only company in the world with presence across the entire chain of Gold from refining to retailing. It is also the largest processor of gold in the world, processing around 35% of total gold produced in the world.

Rajesh Exports is a zero-debt company by standalone basis and has annual sales of about 25 billion. “I am confident that with this order and its successful execution, we would be looking forward for more such orders from other markets,” said Rajesh Mehta, chairman of Rajesh Exports.

Recently, Rajesh Exports took over the world largest gold refinery – Valcambi, Switzerland. The company now has the total refining capacity of around 2,400 ton of gold per annum and around 400 ton of gold manufacturing capacity per annum.

Stocks of Rajesh Exports saw similar increase in stocks when the company’s retail unit – Shubh Jewellers launched its 82^nd gold showroom in Karnataka. The company is now looking forward to expand its market from South towards North India in the near future, which is definitely going to strengthen the company’s stock on the BSE/NSE list.