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Joyalukkas’ one-paisa bid wins TN’s Rs 755-cr gold ring scheme

Posted on August 21, 2026
By Financial Express
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1 min read

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Joyalukkas’ one-paisa bid wins TN’s Rs 755-cr gold ring scheme

Joyalukkas secured the lowest bid for Tamil Nadu’s 'Thaimaman Thanga Mothiram' scheme by quoting a nominal 1-paisa service charge, foregoing profit margins to supply 442,000 gold rings.