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

Dubai-based Flour Masters International to set up food processing unit in AP

21 Jul 2026 | 9:34 PM

Vijayawada, July 21 (UNI) The Andhra Pradesh Economic Development Board (AP EDB) has signed a Memorandum of Understanding (MoU) with the UAE Food Cluster to promote investments, trade and exports in the food processing sector.

see more..

IITM 2026 to showcase 1,000-plus destinations in Bengaluru

21 Jul 2026 | 8:48 PM

Bengaluru, July 21 (UNI) India's travel and tourism industry will converge in Bengaluru this week as the 26th edition of the India International Travel Mart (IITM) 2026 opens here from July 23 to 25, bringing together hundreds of exhibitors, tourism boards, airlines, hospitality brands and travel companies from across India and overseas in one of the country's biggest travel trade gatherings.

see more..

Adani Energy Solutions Q1 FY27 profit more than doubles to Rs 1,149 crore

21 Jul 2026 | 8:30 PM

Mumbai, Jul 21 (UNI) Adani Energy Solutions Limited (AESL) officially informed the stock exchanges through a regulatory filing on Tuesday that it has reported a strong financial performance for the first quarter (Q1) of FY 2026-27, with its consolidated net profit more than doubling to Rs 1,149 crore for the quarter ended June 30, 2026, as compared to its Rs 513 crore net profit in the corresponding quarter of the previous financial year. .

see more..

AI beyond chatbots: Startups tackle wealth, energy and logistics

21 Jul 2026 | 8:16 PM

Bengaluru, July 21 (UNI) Indian startups are increasingly moving beyond consumer-facing applications of artificial intelligence and deep technology to address complex challenges across finance, logistics, energy and daily life, with five ventures showcasing specialised solutions at Antler India's startup showcase here on Tuesday.

see more..

Canara Bank nominee to receive ₹46 lakh insurance payout under Premium Payroll Account

21 Jul 2026 | 8:07 PM

Hyderabad, July 21 (UNI) Canara Bank has extended insurance benefits worth ₹46 lakh to the nominee of a Premium Payroll Account holder who died in an accident, highlighting the financial protection offered under the bank's payroll banking scheme.

see more..