Nov 21: Bengaluru-based gold processing firm Rajesh Exports Ltd (REL) on Wednesday announced that it has procured a prestigious order for its products for a value of Rs 933 crore.
â€œThe order has been procured beating global competition from a well established and prestigious global white label importer from UAE. The said order is to be completed by March 2019,â€ the company said.
According to the company, it will be executing the order from its manufacturing facility, which is the world’s largest gold manufacturing facility. This facility has a processing capacity of 250 tons of jewellery and gold products per annum.
Commenting on the order win, Rajesh Mehta, Chairman, Rajesh Exports Ltd, said, “we have bagged a large order this month amid strong global competition which speaks volumes about the quality of our products, prompt execution and attractive pricing. We are delighted that the company has been witnessing consistent order flow from its customers across the globe. We have also been launching new products across different lines and at different price points in the retail segment, regularly, so that our customers have a wide range of products to select from to suit their price points.â€