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Rajesh Exports bags order worth Rs 13.5 bn
Source: IRIS | 24 Nov, 2014, 10.33AM
Rating: NAN / 5 stars.
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Rajesh Exports (REL), a manufacturer and marketer of jewellery, has bagged an export order worth Rs 13.5 billion of designer range of gold and diamond studded jewellery and medallions from Al Sultan Jewellery, UAE.

The order is to be completed by Feb. 28, 2015. Execution of this order will significantly add to the bottom line of the company.

The order will be executed at the company's manufacturing facility at Bangalore, which is the world's largest jewellery manufacturing facility spread over 12 acres of land with a built up area of 5,00,000 sqft. The manufacturing facility has an installed capacity to process 250 tons of jewellery per annum. REL is confident of completing this order well within the time frame, leveraging on its expertise, skilled craftsmen & artisans and its exceptionally strong backward integration infrastructure.

Shares of the company gained Rs 6.8, or 4.18%, to trade at Rs 169.65. The total volume of shares traded was 68,759 at the BSE (10.21 a.m., Monday).

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