The Hindu Business Line : Rajesh Exports' Rs 286-cr order

Rajesh Exports Ltd has bagged an export order worth Rs 286 crore from Excel Goldsmiths, Sharjah, for supply of gold jewellery. The order is to be completed by September 30 this year. Mr Rajesh Mehta, Executive Chairman, Rajesh Exports, said: "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." According to a press release, Rajesh Exports has earmarked Rs 450 crore for building a retail network in India, which includes the 30 `Laabh' jewellery stores set up recently. After the launch of the `Shubh Muthoot' gold coins retail venture with the Muthoot Pappachan Group, the company's next retail venture is the setting up of 100 `Shubh Jewellers' stores across South India.

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