Mumbai, September 22 (Udaipur Kiran News): Shares of Rossell Techsys Ltd surged on the BSE after the company signed a long-term contract with Boeing to supply electrical panel assemblies for the T-7A Red Hawk, Boeing’s advanced pilot training aircraft. The stock was trading at ₹793.70, up ₹44.15 or 5.89% from its previous close of ₹749.55.
The scrip opened at ₹748.25 and touched a new 52-week high of ₹832.00, with an intraday low of ₹748.25. A total of 53,666 shares were traded during the session. On a weekly basis, the stock has traded between ₹832.00 and ₹720.40. The company’s market capitalisation currently stands at ₹3,016.66 crore.
Rossell Techsys has signed an Indefinite Delivery, Indefinite Quantity (IDIQ) contract with Boeing, allowing it to produce up to 1,200 shipsets through 2033. This follows the company’s earlier successful execution of a Boeing IDIQ contract for wire harness assemblies for the same platform, further strengthening its position in the aerospace supply chain.
The T-7A Red Hawk is Boeing’s digitally designed, built, and tested training aircraft. Rossell Techsys has been associated with the program since its engineering and manufacturing development stages and has earned two Boeing ‘Supplier of the Year’ awards for its performance.
Rossell Techsys is a trusted supplier of high-quality components catering to the aerospace, military, and defence sectors.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.