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Rajesh Exports bags Rs 892 crore order from Middle East

Rajesh Exports (REL), the world’s largest gold refiner, today said it has secured a new export order worth Rs 892 crore from Middle East.

The order is to be completed by September 2018, the company said in a regulatory filing.

“The order has its special significance for the acceptance of the new range of jewellery introduced by the company in the global markets,” it said.

The company will manufacture the entire requirement of this order at its own manufacturing facility and is confident of delivering within the time frame, it added.

The Bengaluru-headquartered company has an extensive global manufacturing and marketing network with distribution through exports, wholesale and directly to consumers by its own retail brand.

The company refines over 35 per cent of the world’s gold. Its refineries are located in Uttarakhand and at Balerna in Switzerland. It has a capacity to refine 2,400 tonne of gold per annum.

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