Rajesh Exports (REL), a manufacturer and marketer of jewellery, has bagged an export order worth Rs 11.23 billion of designer range of gold and diamond studded jewellery and medallions from Singapore.

The company said, "The order is to be completed by Dec. 31, 2015. execution of this order will significantly add to the bottom line of the company."

"This order will be executed at the company's manufacturing facility at Bangalore. The manufacturing facility has an installed capacity to process 250 tons of jewellery per annum," it added.

Shares of the company declined Rs 13.55, or 2.76%, to trade at Rs 477.90. The total volume of shares traded was 249,641 at the BSE (2.27 p.m., Friday).