Business EconomyPosted at: Jun 8 2026 7:44PM


Sigma Advanced Systems Bags Rs 208 Cr Defence Export Order

Hyderabad, June 8 (UNI) Sigma Advanced Systems has secured an export contract worth USD 21.97 million (around Rs 208 crore) for the manufacture and supply of 40,000 units of 155 mm M107 artillery shell bodies to a North American customer.
The company release today said the contract would be executed over a six-month period, with production and deliveries scheduled within the timeframe. The order marks Sigma's expansion from fuze manufacturing into complete artillery shell component production.
The project involves manufacturing 155 mm artillery shell bodies, a key structural component used in modern artillery ammunition systems. The company said the required export authorisation from the Department of Defence Production under the Ministry of Defence has already been obtained.
Commenting on the development, Sigma Advanced Systems CEO and Executive Director Sunil Kalidindi said the order reflected growing international confidence in India's defence manufacturing ecosystem and Sigma's precision engineering capabilities.
The company stated that the order strengthens its position in the global defence supply chain and opens opportunities for future ammunition manufacturing programmes.
UNI VV SS
Please log in to get detailed story.
Tags: #Sigma Advanced Systems Bags Rs 208 Cr Defence Export Order
More News

Stock markets recover from early losses, IT stocks gain

13 Jul 2026 | 7:12 PM

New Delhi, Jul 13 (UNI) Indian Stock Markets on Monday recovered smartly from early losses to close marginally higher. Gains were recorded in information technology stocks.

see more..

Adani in race to acquire Polaris Smart Metering

13 Jul 2026 | 6:57 PM

Mumbai, July 13 (UNI) Adani Energy Solutions is among the companies which have reached the second round of negotiations in the race to purchase smart metering company Polaris Smart Metering, market sources said here on Monday.

see more..

Trade deficit widens to five-month high of USD 30 43 bn in June

13 Jul 2026 | 6:53 PM

New Delhi, Jul 13 (UNI) India's trade deficit widened to a five-month high of USD 30.43 billion in June, compared to USD 19.10 billion the same month last year, according to the data released by the Ministry of Commerce on Monday.

see more..

Hyderabad Airport ranked world's 4th most family-friendly airport

13 Jul 2026 | 6:20 PM

Hyderabad, July 13 (UNI) GMR Hyderabad International Airport (GHIAL) on Monday announced that the Hyderabad International Airport has been ranked the 4th Most Family-Friendly Airport in the world by UK-based travel experience provider AttractionTickets.com, making it one of only two Indian airports to feature in the prestigious global list.

see more..

Consultations in right direction, don't see any challenge: Commerce Secy on India-US trade deal

13 Jul 2026 | 5:45 PM

New Delhi, Jul 13 (UNI) Commerce Secretary Rajesh Agrawal on the India-US trade deal said Consultations are progressing in the right direction, and both sides remain positive.
"We don't see any challenge in India-US trade deal negotiations. Consultations are progressing in the right direction, and both sides remain positive. The India-US framework trade deal is ready for signing at an appropriate time. Trade ties continue to strengthen, including energy imports from the US," he said.

see more..