Surat, Gujarat based Kanani Industries Ltd today said it has bagged a purchase order worth about Rs 19.50 crore from Nabila Traders of Hong Kong for diamond studded jewellery.
The company is required to deliver it within ten months from the date of this purchase order, Kanani Industries said in a filing with the Bombay Stock Exchange.
The production of aforesaid jewellery would be done at its factory located in special economic zone at Surat in Gujarat, it said.
The company hopes to immensely benefit from the said order and determined to reach its turnover targets, it said.
The board of directors of the company at its meeting held on August 24, has decided to approve allotment of bonus shares to the existing shareholders, it said.