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 India Diversifies Urea Imports Amid West Asia Supply Disruptions India increased urea imports…
Simon Commission of 1928 was one of the most controversial events in the Indian independence…
The Chauri Chaura Incident that occurred in 1922 was one of the most significant events…
Garden Reach Shipbuilders & Engineers (GRSE) launched its second NGOPV, “Shruti”, at their Kolkata shipyard…
Honorable Prime Minister Narendra Modi launched the autobiography of former Indian President Ram Nath Kovind,…
The close battle for ICC Men’s ODI World Cup 2027 is shaping up with 10…