NEW DELHI: Rajesh Exports shares gained 4.5 percent intraday Monday on getting export order worth Rs 1,188 crore. The Bangalore-based jewellery maker has bagged order of designer range of gold and diamond studded jewellery and medallions from UAE.
“The order, which is to be completed by June 30, will be executed at company’s manufacturing facility at Bangalore that has an installed capacity to process 250 tonnes of jewellery and gold products per annum,” says Rajesh Exports in its filing.
Among its various manufacturing facilities, it has total installed capacity to manufacture 400 tonnes of gold products per annum. In quarter ended March 2016, the company received two export orders worth Rs 1,885 crore. At 10:14 hours IST, the scrip of Rajesh Exports was quoting at Rs 615.00, up Rs 22.95, or 3.88 percent on the BSE.
