Rajesh Exports bags Rs 352 cr order

MUMBAI: Cashing in on the large demand for ethnic hand-made jewellery in South Asian countries, Rajesh Exports on Friday said it has bagged an export order worth Rs 352 crore from Singapore-based Gold Star Jewellery.

The order is expected to be completed by April this year, Rajesh Exports informed the BSE.

"We are moving towards margin expansion in the years to come and our Research and Development (R&D) team is developing products - which would fetch more margins. This order is one of the first steps towards margin expansion," Rajesh Exports Executive Chairman Rajesh Mehta said.

The export order was placed for the new collection of jewellery developed by its R&D wing at its manufacturing facility at Bangalore.