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The citation commended Rossell's “outstanding support, dedication, and commitment to success,” and acknowledged the company's excellence in manufacturing cable harness assemblies in support of Lockheed Martin's Aeronautics, Rotary and Mission Systems, and Missiles and Fire Control programs.
Lockheed Martin further highlighted Rossell's collaboration, innovation, and creative cost-saving initiatives that drive affordability and contribute to the success of its global production programs.
Existing capacity - 2,40,000 Sq feet Existing capacity utilization - 2,00,000 Sq feet Proposed capacity addition - 1,50,000 Sq feet Timeline for the proposed capacity addition - 18 Months Investment required I- Rs 70 crore (funded through internal accruals and proposed fund raise)
Commenting on the announcement, Rishab Gupta, Managing Director, Rossell Techsys, said: “This capital infusion will support the Company's growth and capability expansion plans and strengthen our financial position, enabling us to continue building scale and serving our customers with excellence. We remain focused on prudent capital deployment and long-term value creation for all stakeholders.”