Rajesh Exports secures Rs 286 crores export order

Rajesh Exports Ltd (REL) has informed BSE that the Company has bagged an export order worth Rs 286 crores of gold jewellery from M/s. Excel Goldsmiths, Sharjah. This order is to be completed by September 30, 2007.

Indian jewellery designs have reached high standards and are recognizable the world over. Rajesh Exports has achieved expertise in making hand-made and machine made jewellery in traditional as well as modem designs. Indian hand-made jewellery has always had a large ethnic demand in various countries such as the Middle East, Far East, South-East Asian countries, USA and Canada. The Company has one of the best designing teams in the country and the Company is abreast with the trends in the international markets.

Mr. Rajesh Mehta, Executive Chairman of the Company Said "The R&D team of REL is carrying on path breaking work and has developed global jewellery designs which have ensured a consistent flow of orders to the Company from across the world. This order gains significance as it is for the supply of designer jewellery, which provides better bottom line margins for the Company. The international markets have been exhibiting a robust demand for Indian jewellery."