RJ Market Watch
Gold refiner Rajesh Exports bags order worth Rs 1,352 crore
Rajesh Exports said this is the first major order accepted by the company after the outbreak of pandemic. Till recently international passenger flights were not operating normally leading to a constraint in shipping the goods due to which it was not viable to accept orders, as per Rajesh Exports.
New Delhi: Gold refiner Rajesh Exports on Wednesday said the company has secured an order worth Rs 1,352 crore. “Rajesh Exports has bagged a first major prestigious order post-COVID worth Rs 1,352 crore of designer range of gold jewellery from Germany. The said order is to be completed by March 31, 2021,” the company said in a regulatory filing.
Rajesh Exports said this is the first major order accepted by the company after the outbreak of pandemic.
Till recently international passenger flights were not operating normally leading to a constraint in shipping the goods due to which it was not viable to accept orders, as per Rajesh Exports.
“Now, since the international flights have achieved near normalcy, the company has started accepting orders and the company is confident that it will be able to reach its pre-COVID revenues and profitability in the coming quarters and would also be in a position to post impressive growth owing to the remaining pent up demand of the last three quarters,” Rajesh Exports said.
Shares of Rajesh Exports were trading 0.90 per cent higher at Rs 483.95 apiece on BSE.
Courtesy: Economic Times
With ‘Uncut Conversations’, Zaveri Bros Diamonds & Gold seeks to build deep, meaningful customer relationships
Thangals Jewellery celebrates International Women’s Day by recognizing employees at its all-women showroom in Dubai
Kirthi Diamonds’ new capsule collection is influenced by iconic characters and elements from Harry Potter films
Abharan Jewellers’ contest asks brides-to-be to document their in-store wedding jewellery shopping journey
India has overtaken China to become second largest diamond market: De Beers CEO Al Cook
US-based private equity firm Advent International to acquire Orra Fine Jewellery, say media reports
The House of Rose debuts in Mumbai with a 21,000 sq. ft. experiential concept space showcasing fine jewellery and luxury watch brands
Eminent jeweller Viren Bhagat sets up first global boutique in London’s Mayfair
Wide Angle4 weeks agoIndia has overtaken China to become second largest diamond market: De Beers CEO Al Cook
- Daily News1 month ago
US-based private equity firm Advent International to acquire Orra Fine Jewellery, say media reports
- Exclusive2 months ago
The House of Rose debuts in Mumbai with a 21,000 sq. ft. experiential concept space showcasing fine jewellery and luxury watch brands
- Wide Angle1 month ago
Eminent jeweller Viren Bhagat sets up first global boutique in London’s Mayfair
