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Sigma bags ₹174 cr order from North American customer for artillery ammunition

SENSEX 73,709.69 -143.21 NIFTY 22,811.35 -77.60 CRUDEOIL 9,290.00 -21.00 GOLD 145,940.00 -579.00 SILVER 209,240.00 -2,245.00 SENSEX 73,709.69 -143.21 NIFTY 22,811.35 -77.60 NIFTY 22,811.35 -77.60 CRUDEOIL 9,290.00 -21.00…

Sigma bags ₹174 cr order from North American customer for artillery ammunition
SENSEX 73,709.69

 -143.21

NIFTY 22,811.35

 -77.60

CRUDEOIL 9,290.00

 -21.00

GOLD 145,940.00

 -579.00

SILVER 209,240.00

 -2,245.00

SENSEX 73,709.69

 -143.21

NIFTY 22,811.35

 -77.60

NIFTY 22,811.35

 -77.60

CRUDEOIL 9,290.00

 -21.00

CRUDEOIL 9,290.00

 -21.00

GOLD 145,940.00

 -579.00

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The Hyderabad-based company said in a statement the order is scheduled to be executed by the second quarter of 2027

By BL New Delhi Bureau

Updated - October 21, 2026 at 08:42 PM. | New Delhi, October 21:

The order marks Sigma’s fifth 155 mm engagement since May 2026 | Photo Credit: REUTERS

Adding to government’s push for defence exports, Hyderabad-based Sigma Advanced Systems Limited on Wednesday announced receiving an order valued at US $19.70 million, which works out to approximately ₹174 crore, from a North American customer.

The deal, with the company that serves the NATO defence ecosystem, is for the manufacture and supply of specialised ancillary subsystems for 155 mm artillery ammunition.

The order, said the Indian company in a statement, is scheduled to be executed by the second quarter of 2027, with manufacturing to be undertaken within the Sigma ecosystem.

Steady Expansion

The order marks Sigma’s fifth 155 mm engagement since May 2026, reflecting the steady expansion of its capabilities across the artillery ammunition value chain. With shell bodies, filled fuses, advanced base-bleed shell technology, course-correction fuse collaboration and now ancillary subsystems within its portfolio, Sigma is progressing towards a broader manufacturing and engineering partnership across multiple elements of the artillery round, the company said in a statement.

The company appears to have benefited from the ongoing global insecurities, especially the Russia–Ukraine war that has highlighted the scale of artillery ammunition consumption in high-intensity conflicts and the importance of sustained industrial capacity. NATO members and allied governments have responded by prioritising inventory replenishment, longer-term procurement and expansion of ammunition manufacturing capabilities.

Portfolio

Commenting on the order, Sunil Kalidindi, CEO, Sigma Advanced Systems Limited, said: “..Our focus is on building capabilities that allow us to participate in more technically demanding programmes and respond to customers’ evolving requirements. We see this engagement as an opportunity to strengthen our relationship with the customer and expand our contribution to the wider ammunition manufacturing ecosystem.”

The latest order is significant, believes Sigma, not only for its value, but also for the nature of the capabilities it adds to it’s portfolio.

Published on October 21, 2026

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Source: The Hindu BusinessLine — Companies ↗

Figures reflect the source report and its stated period. This article is for information and is not investment advice.