SynopsisSigma Advanced Systems shares gained nearly 5% after the defence technology company announced orders worth around Rs 155 crore for its Indrajaal Ranger anti-drone system. The stock has surged 105% in three months, while its order book stands at approximately Rs 8,000 crore, supporting strong revenue visibility.

comFresh defence orders put Sigma Advanced Systems in focus after a sharp three-month rally. 45 in Tuesday’s trading session after the defence technology company announced orders worth approximately Rs 155 crore for its Indrajaal Ranger anti-drone system from government security agencies.

The latest order win comes at a time when the stock has already delivered a multibagger 105% return in just three months, putting the defence stock firmly in the spotlight. Indrajaal Autonomous Defence Systems and Sigma Advanced Systems announced approximately Rs 155 crore of orders for the Indrajaal Ranger from the Government of India.

Of the total, a Rs 145 crore order has been awarded to the Indrajaal-Sigma consortium to deploy the system in India’s border security environment. Another order worth approximately Rs 10 crore from urban police authorities will introduce the Ranger platform for VVIP protection and urban security.

The company said the two deployments go beyond conventional Counter-UAS procurement and mark the emergence of a new homel and security category, the Anti-Drone Patrol Vehicle. The Indrajaal Ranger is described as India’s only ARDTC-approved Anti-Drone Patrol Vehicle.

Developed as a mobile Counter-UAS platform, the system is designed to provide anti-drone protection while moving at high speeds. Unlike conventional fixed-site counter-drone systems, Ranger is designed to take protected airspace wherever it is required, from international borders and VVIP routes to public events and critical infrastructure.

The growing need for mobile protection comes as drone-related threats become increasingly dynamic. Whether it involves drones carrying contrab and across borders, VVIP convoys moving through cities or security requirements at large public gatherings, the threat itself is no longer confined to fixed locations.

The company currently has an order book of approximately Rs 8,000 crore, providing strong revenue visibility going forward. Management commentarySunil Kalidindi, CEO of Sigma Advanced Systems, said the programme highlights the capabilities of India’s defence manufacturing ecosystem to develop and deliver indigenous technologies at operational scale.