Rajesh Exports Wins Rs 786 Crore Designer Jewellery Order From UAE

Shares of Rajesh Exports Ltd. rose as much as 3.2 percent, after the gold refiner bagged a Rs 786 crore export order for designer jewellery.

The order for gold and diamond studded jewellery and gold medallions will be sent to the United Arab Emirates, according to the company’s filing on the Bombay Stock Exchange.

The company will carry out the order at its manufacturing facility in Bengaluru, which has the capacity to process 250 tons of gold and jewellery per annum. The order will have to be completed by October 15, 2016.