Updated: Mar 14, 2019 15:17 IST
Bengaluru (Karnataka) [India], Mar 14 (ANI): Rajesh Exports, the world’s largest manufacturer of gold products, said on Thursday it has procured an order for a value of Rs 1,079 crore.
The order has been procured beating global competition from a leading wholesaler and stockiest of the Middle East for further distribution to international markets. It is to be completed by June.
The company will execute the order from its manufacturing facility, which is the world’s largest gold manufacturing facility. This facility has a processing capacity of 250 tonnes of jewellery and gold products per year.
“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,” said company’s Chairman Rajesh Mehta.
Rajesh Exports reported annual sales of Rs 1.87 lakh crore (about 28 billion dollars) on a consolidated basis in FY 2017-18. The company processes 35 per cent of gold produced in the world.
With the recent acquisition of Switzerland-based Valcambi, the company has built up a total capacity to refine 2,400 tonnes of precious metals per year.