Rajesh Exports secures an order of 33000 Gold Coins from LIC

Rajesh Exports Ltd has announced that the Company has bagged a prestigious order from the Life Insurance Corporation of India (LIC) on the occasion of LIC's golden jubilee celebrations.

Renowned and highly competent bidders from all over the country had taken part in the tender offer of LIC. LIC short listed Union Bank of India, Kotak Mahindra, Indian Bank, Indus Ind Bank, MMTC and the Company as successfully pre qualified bidders based on their manufacturing potential and other capabilities. The Company has secured this prestigious order based on the Company's ability to supply high quality gold products at competitive rates. The coins are required to be manufacturing and delivered with February 11, 2007, which the Company is confident of delivering. The order is for a total of 264 kgs of gold coins valued at about 25 crores.

The Company is an acknowledged leader in the global gold jewellery sector and has achieved total integration in the field of gold jewellery from the mines to the consumer, after successfully rolling out its first phase of retail stores under the brand name of "LAABH JEWELLERS". The Company is the only company in the world to have achieved total integration in the gold jewellery sector.

Source : Equity Bulls

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