Rajesh Exports (REL), a manufacturer and marketer of jewellery, has bagged an export order worth Rs 1.25 billion as an initial order of a special range of jewellery for the European markets.
The company said, "Valcambi has a strong marketing network in Europe developed over a period of more than 50 years Valcambi has agreed to market ERL products in Europ provided the products meet European standards and designs."
"The order is to be delivered within a period of 4 months. REL will be manufacturing this jewellery at it's manufacturing plant at Bangalore and is confident of supplying the order within the stipulated time period," it added.
Shares of the company gained Rs 11.90, or 1.87%, to trade at Rs 648.40 at the BSE (12.32 p.m., Thursday).