MANUFACTURING
India’s Defence Industry Set To Grow 19% Annually To ₹3 Lakh Cr By FY29
India’s defence industry is expected to expand from ₹1.78 lakh crore in FY26 to ₹3 lakh crore by FY29, registering a compound annual growth rate (CAGR) of around 19%, while maintaining PBILDT margins of 20–22%, according to CareEdge Ratings. The growth is expected to strengthen domestic defence capabilities, reduce import dependence and enhance India’s position […]
CW Bureau
·
Aug 8, 2026
MANUFACTURING
Sigma Wins ₹1,013-Cr Export Order For Advanced 155Mm Artillery Shells
Sigma Advanced Systems Ltd (Sigma) has secured a $104.9 million (about ₹1,013 crore) export order from a North American customer for the manufacture and supply of 147,000 units of 155mm base bleed artillery shell bodies, marking a significant milestone in the company’s journey up the global defence manufacturing value chain. The order, one of the […]
CW Bureau
·
Jul 27, 2026
MANUFACTURING
Sigma Advanced Systems Wins ₹208 Cr North America Artillery Shell Deal
Sigma Advanced Systems, a globally integrated aerospace and defence company, has secured an export contract worth $21.97 million (approximately ₹208 crore) for the manufacture and supply of 40,000 units of 155 mm M107 artillery shell bodies to a customer in North America, marking a significant step in the company’s expansion within the global defence manufacturing […]
CW Bureau
·
Jun 8, 2026
