Rajesh exports bags Rs 1,448 crore order from UAE

Jewelery firm Rajesh Exports has bagged an order of nearly Rs 1,450 crore for gold and diamond studded jewelery from UAE.
The Bangalore-based company said the demand for Indian jewelery in the foreign markets has been growing rapidly.
This is the second order in less than two months time, which company has got from UAE. Last month also, the company has bagged an export order worth Rs 1,302 crore.
"Rajesh exports has bagged an export order worth Rs 1,448 crores of designer range of gold and diamond studded jewelery and medallions from UAE. The order is to be completed by October 31, 2015," the company said in a statement.

Execution of this order will significantly add to the bottom line of the company, it added.
In the quarter ended March 31, 2015 the company had reported threefold jump in its net profit at Rs 205.5 crore.
It has gold jewelery manufacturing facility at Bangalore, spread over 12 acres of land, with a capacity to process 250 tonnes of gold into jewelery.
Rajesh Exports also sells jewelery under the brand Shubh Jewellers and has 83 showrooms across the country.