Rajesh Exports secures Rs 286 cr order

New Delhi, May 27 (UNI) Bangalore-based jewellery retailer Rajesh Exports Ltd (REL) has bagged an order worth Rs 286 crore for export of gold jewellery from Sharjah's Excel Goldsmiths.

''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,'' REL Executive Chairman Rajesh Mehta said.

The order is to be completed by September this year.

Mr Mehta said the R&D team 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.

Indian hand-made jewellery has always had a large ethnic demand in various countries such as the West Asia, Far East, South-East Asian countries, the US and Canada.

UNI