Sigma Advanced Systems Starts Production at Sri City Aerospace Facility
Sigma Advanced Systems Ltd has commenced production at its new 75,000 sq ft aerospace manufacturing facility in Sri City, Andhra Pradesh. The facility, which took a record eight months to build and operationalize, has already produced its first batch of precision-machined aerospace components. It currently offers 100,000 annual machining hours, with plans to scale up to 300,000 AMH and eventually a 500,000 sq ft campus. The operation aims to replicate Sigma UK's manufacturing capabilities in India, with approximately 70% of manufacturing expected to be done in India once fully operational. The company anticipates this expansion will drive double-digit EBITA expansion and create over 500 specialized jobs within three years.
Key Highlights
- New 75,000 sq ft aerospace facility in Sri City is now operational.
- Initial capacity of 100,000 annual machining hours, scalable to 300,000 AMH.
- Aims to replicate UK manufacturing capabilities and increase India's share to 70%.
- Expected to drive double-digit EBITA expansion for the company.
- Projected to create over 500 specialized jobs in the next 2-3 years.
Price Impact
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