Rajesh Exports bags Rs 1,780 crore export order from UAE

The order, to be completed by March 31, will add significantly to the bottom line

Bengaluru-based jewellery exporter, Rajesh Exports Ltd (REL) has bagged an export order worth Rs 1,780 crore for supply of designer range of gold and diamond studded jewellery and medallions from UAE-based Jamcelat Jewellery.

The order, which is to be completed by March 31, 2015, will add significantly to the bottom line, the company said in a filing to BSE.
 

This order will be executed at the company's manufacturing facility at Bengaluru, which is spread over 12 acres. The facility has an installed capacity to process 250 tonnes of jewellery per annum. REL also makes handmade jewellery blending with technology at this unit, the statement added.
 

The company's stock  traded at Rs 162.10 per share, showing a gain of 14.28 per cent in the morning trade on BSE.