Rajesh Exports bags designer jewellery order from Germany

Rajesh Exports informed the bourses that it has received order amounting to Rs. 942 crore from Germany, on Wednesday. The order for designer range of jewellery is to be completed by August 2019.

The company will be completing the order from its own manufacturing facility having a total processing capacity of 250 tons of jewellery and gold products per annum.

With this order, the company expects to expand its reach in the global market and expects further significant orders for this range of jewellery from the international markets.

Rajesh Exports is engaged in the business of gold and gold products. It manufactures and markets jewellery to consumers across the world. Rajesh Exports processes 35 per cent of gold produced in the world.

On Wednesday, the stock opened at Rs. 691 per share and made an intraday high and low of Rs. 707.20 and Rs. 691, respectively on the BSE. The stock had hit 52-week high of Rs. 786.85 on September 9, 2018 and a 52-week low of Rs. 544 on October 16, 2018.