Mumbai, Feb 17 (UNI) Rajesh Exports said that it has bagged a first major prestigious order post Covid worth Rs 1352 crore of designer range of gold jewellery from Germany.

The said order is to be completed by March 31, 2021.

This is the first major order accepted by the Company after the outbreak of Pandemic. Till recently international passenger flights were not operating normally due to which there was a constraint in shipping the goods (The goods are shipped through international passenger flights as valuable cargo), due to which it was not viable to accept orders. 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 it's 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.

The Company will be executing the order from its own manufacturing facilities, which are the world's largest gold manufacturing facilities. These facilities have processing capacity of 250 tons of jewellery and gold products per annum. Company is confident of executing this order well within the time frame on the back of its expertise, skilled craftsmen, artisans & its exceptionally strong backward integrated infrastructure.

Mr Rajesh Mehta, Chairman, Rajesh Exports Ltd. said, "During the pandemic we have very cautiously handled our business and we have ensured that the Company does not suffer any losses, we have been able to post profits even during the pandemic. The revenue and profits were significantly lower during the pandemic, which was a part of our thought out strategy of handling the business during the Pandemic. One of the major constraints for us during the pandemic was the availability of international passenger flights, since all our international export cargo is classified as valuable cargo, the same would be airlifted and in the absence of proper international air connectivity, it was natural that the revenues were affected. The current situation is appearing very encouraging and we have started accepting orders and we have resumed normal activities. I am quite confident that we would be able to post impressive top line and bottom line in the ensuing quarters."

UNI JS SB 1232