Rajesh Exports bags order worth Rs. 1,302 cr.

Rajesh Exports recently said that the company has bagged an export order worth Rs. 1,302 crore from an UAE-based company for gold and diamond studded jewellery.

The Bengaluru-based firm said that the order is to be completed by September, which will significantly add to its bottomline.

'Rajesh Exports has bagged an export order worth Rs. 1,302 crore of designer range of gold and diamond studded jewellery and medallions from M/s Al Jameelat Jewellery, UAE,' the company said in a regulatory filing.

In the quarter ended March 31, the company had reported three-fold jump in net profit to Rs. 205.5 crore.

It has gold jewellery manufacturing facility at Bengaluru, spread over 12 acres of land, with a capacity to process 250 tonnes of gold into jewellery.

Rajesh Exports also sells jewellery under the brand Shubh Jewellers and has 83 showrooms across the country.


HBL