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20 April, 2024 18:21 IST
Rajesh Exports bags export order worth Rs 11.52 bn
Source: IRIS | 08 May, 2015, 02.18PM
Rating: NAN / 5 stars.
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Rajesh Exports (REL), a manufacturer and marketer of jewellery, has bagged an export order worth Rs 11.52 billion for designer range of gold and diamond studded jewellery and medallions form AL Malek Jewellery, UAE.

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

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 and artisans and its exceptionally strong backward integration infrastructure.

Shares of the company gained Rs 12.55, or 5.34%, to trade at Rs 247.35. The total volume of shares traded was 139,263 at the BSE (2.14 p.m., Friday).

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