Rajesh Exports Bags Export Order Of Rs 774 Crores

Rajesh Exports has procured an order of Rs 774 crore. The order has been procured beating global competition from a well-established and prestigious global white label importer from UAE. The order is to be completed by October 2017.

Company will be executing the order from its Bangalore facility. This facility has a processing capacity of 250 tons of jewellery and gold products per annum.

With this current order which is to be executed by October 2017, order book at the consolidated level stands at Rs 38,419 crore.

The stock of Rajesh Exports was trading at Rs 676 per share down by Rs 4.65 per share or 0.66% at 1059 hours on NSE. It has given 57% return in a period of one year and has outperformed the BSE Mid-cap and Nifty Service Sector over the same time period.

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About Suhani Varma

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