Business Daily from THE HINDU group of publications
Friday, Jun 23, 2006
Business Daily from THE HINDU group of publications Friday, Jun 23, 2006 |
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Corporate
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Announcements Rajesh Exports bags Rs 231-cr order Our Bureau
Glittering ideas Looking at tie-ups with players in Europe, the US, Far East. Plans to refurbish, reposition OyzterBay into the mainline market. Soon to come up with diamond studded jewellery.
This is the second order from the Singapore company. The earlier order worth Rs 124 crore was received about three months ago. The company has also secured an order worth Rs 25 crore from Canara Bank to supply 47,400 gold coins. This is in connection with the bank's centenary celebrations. Both the orders will be completed at the company's manufacturing facility in Whitefield near Bangalore. The Rs 5,200-crore firm is looking at mergers and acquisitions both in the domestic and international market. It is also keen on tie-ups with international players in Europe, the US and the Far East. However, Mr Mehta refused to disclose more details.
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