Rajesh Exports Bags Rs 1,152-Crore Order; Shares Jump

Rajesh Exports Bags Rs 1,152-Crore Order; Shares Jump
Rajesh Exports shares rose over 7 per cent on Friday after the company said that it bagged an export order worth Rs 1,152 crore.

The company in a statement to the Bombay Stock Exchange (BSE) said it "has bagged an export order worth Rs 1152 crores for designer range of gold and diamond studded jewellery and medallions from M/s Al Malek Jewellery, UAE".

The order will improve Rajesh Exports' profitability and will be executed at its manufacturing facility in Bangalore, which has an installed capacity to process 250 tonnes of jewellery per annum, the statement added.

The order has to be executed by July 31, 2015, Rajesh Exports said.

Shares in Rajesh Exports ended 3.39 per cent higher at Rs 242.75 apiece on the BSE.