Rajesh Exports secures order worth Rs 5.34 billion
Rajesh Exports, a leading manufacturer and exporter of gold and diamond jewellery, has won an order worth Rs 5.34 billion for gold jewellery from Kuwait-based Lazorde Jewellery.
The order, to be completed by June 2008, will be executed from the company`s Bangalore facility, which has an installed capacity of 250 tons of jewellery per annum.
Meanwhile, institutional shareholding in the company has gone up to 28.5% and the FII holding has increased to more than 18%.
At 1:39 p.m., Rajesh Exports shares was trading 4 percent higher at Rs 93.75 on the Bombay Stock Exchange, while the benchmark Sensex was lower by 0.66 per cent at 17,264.
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