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Rajesh Exports bags Rs 873-cr order

Press Trust of India  |  New Delhi 

Rajesh Exports (REL), the world's largest gold refiner, today said it has secured a new export order worth Rs 873 crore.

The company has received the deal from a UAE-based white label importer and expects to complete the order by June 2018, it said in a BSE filing.

The Bengaluru-headquartered company has an extensive global and marketing network with distribution through exports, wholesale and directly to consumers by its own

REL refines over 35 per cent of the world's gold. Its refineries are located in Uttarakhand and at Balerna in It has a capacity to refine 2,400 tonne of gold per annum.

Shares of the company slipped 2 per cent to Rs 802.50 apiece on BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 15 2018. 15:55 IST