Gold exporter Rajesh Exports said it received an order worth Rs 873 crore from a leading global white label importer from UAE.
The Company expects to complete this order by June 2018, it added.
With annual sales of Rs 2.42 lakh cr (or $37 billion), Rajesh Exports is one of the world’s leading jewelry companies. It is estimated that about 35% of the gold produced globally goes through Rajesh Exports.
Company Rajesh Mehta said the latest order is a testament to the company’s strong customer relationship and manufacturing capabilities.
“We have been successful in our strategy of leveraging the manufacturing platform, design excellence and global quality standards to diversify the product offerings,” he added.
Founded in 1990, Rajesh Exports is today present in all sectors of the gold business, from mining to retailing of gold jewellery and gold products. It operates the Shubh gold retail chain in India.
The company pitches itself as the largest refiner of gold in the world and the largest manufacturer of gold products in the world.
“With the recent acquisition of Valcambi, the world’s largest gold refinery in Switzerland, Rajesh Exports has established a total capacity to refine 2,400 tons per of annum of precious metals,” it said.
Valcambi is a LBMA accredited refinery and the gold bars produced at Valcambi are good delivery bars which are accepted across all the precious metal exchanges across the world and by all the bullion banks.