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Thursday, 22nd June 2006 (7080 views)

Rajesh Exports, an Indian gold exporter, today announced two new orders for gold jewellery, The Hindu reports.

The larger of the two orders, from Singapore-based Gold Star Jewellery, resulted in the company's stock price jumping by almost five percentage points on the Bombay Stock Exchange.

Rajesh Exports ships high-quality exclusive designer gold jewellery and the latest orders, one of 231 Rupees crore (from Gold Star) and another for supplying nearly 50,000 gold coins as part of Canara Bank's centenary celebrations, have boosted the company's profile.

"This order proves the ability of the company to supply high quality gold products at competitive rates," said company chairman Rajesh Mehta.

"This order also gains prominence as the company has secured the order by competing with the most prominent players in the gold industry."

The company stated its total order book as 1134 Rupees crore, according to The Hindu.

 

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