HAL Wins ₹511 Crore Deal to Manufacture and Commercialize SSLV Launches
In a landmark development for India’s space sector, Hindustan Aeronautics Limited (HAL) has secured a ₹511 crore Transfer of Technology (ToT) deal from ISRO to manufacture and commercialise Small Satellite Launch Vehicles (SSLVs). The announcement was made by IN-SPACe, the national space promotion agency, following a rigorous bidding and evaluation process. This move marks a significant leap in the commercialisation of India’s space capabilities.
HAL emerged as the winning bidder among three shortlisted contenders for the SSLV ToT programme. The deal is worth ₹511 crore and includes technology transfer, handholding, and training by ISRO over two years. HAL will manufacture at least two SSLVs with ISRO’s support before independently producing them. The agreement reflects India’s strategic push to commercialise space technologies through its public and private sector partnerships.
Shortlisted competitors,
National News Cabinet Approves ₹14,115 Crore for Two Highway Projects The Union Cabinet has approved…
The Reserve Bank of India (RBI) has appointed Ravi Shankar as its new Executive Director…
Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises has been honored with the 2026…
The Government of India has extended the tenure of the current Foreign Secretary Vikram Misri…
From 1st of July, 2026, The Reserve Bank of India (RBI) has implemented the its…
Air Marshal Jasvir Singh Mann, AVSM, VSM appointed as the new Air Officer Commanding-in-Chief (AOC-in-C)…