Sigma Advanced Systems Secures ₹973 Cr Artillery Order
Sigma Advanced Systems Limited has secured a significant order valued at approximately INR 973 Crores (USD 102.23 million) for the manufacture and supply of Base Bleed Units for a NATO customer. The multi-year order, with execution over 12 months, strengthens Sigma's position in the artillery ammunition manufacturing ecosystem and advances its strategy of vertical integration. This order builds upon the company's existing capabilities in 155 mm artillery shells and fuzes, enhancing its product portfolio and offering for the global market. The Base Bleed Unit is a specialized component that improves the aerodynamic performance and extends the effective range of artillery projectiles. This development aligns with the 'Make in India' initiative and addresses growing domestic and international demand for advanced artillery ammunition.
Key Highlights
- Secured INR 973 Cr order for Base Bleed Units from a NATO customer.
- Order execution scheduled over a period of 12 months.
- Strengthens vertical integration and defence manufacturing capabilities.
- Expands product portfolio in 155 mm artillery ammunition value chain.
- Aligns with 'Make in India' initiative and global demand.
Price Impact
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