Rajesh Exports secures Rs 272 cr export order

New Delhi, July 18: Bangalore-based jewellery exporter, Rajesh Exports Ltd today said it has won orders worth Rs 272 crore, to supply gold jewellery to Lazorde Jewellery of Kuwait.

The said order will be completed by November 15, 2007, a press release said.

The order will be executed at the company's manufacturing facility at Bangalore, having an installed capacity to process 250 tonnes of jewellery per annum.

Executive Chairman of the company Rajesh Mehta said, ''We are moving towards margin expansion in the years to come and our R&D team is developing products which would fetch more margins. The R&D team has over the years created exquisite designs which have brought in a consistent flow of orders.'' The orders received for designer jewellery will propel the company to achieve its goal of increasing the profit margins at a brisk pace, he added.

UNI