Latest news with #PSLV
Mint
3 days ago
- Business
- Mint
Four stocks to watch as India's space economy eyes $44 billion by 2033
Space is the new frontier, not just for rockets, but for investment. On 17 April, Gujarat rolled out a space sector growth plan for 2025–2030. Within hours, Tamil Nadu responded with its own Tamil Nadu Space Industrial Policy. Why the rush? India's space economy is projected to skyrocket from $8.4 billion (bn) in 2024 to $44 bn by 2033, aiming for 8% of the global market, according to FICCI. As states compete to attract space-tech investments, some listed companies are already positioned to ride this wave. Also Read: Four fast-growing space stocks to add to your watchlist Here are a few stocks that could benefit from India's space boom. L&T Larsen & Toubro (L&T) is an Indian multinational company that has been involved in India's space programme for over 50 years. For the Chandrayaan-3 mission, L&T played a vital role by manufacturing essential equipment, including the Precision Monopulse Tracking Radar (PMTR), which is crucial for accurate tracking and communication with the spacecraft. According to a media report, L&T is scaling up launch vehicle and satellite manufacturing at its Coimbatore factory. This comes just weeks after India's space regulator launched a $58 million (mn) fund to allow the country's early-age space tech to go commercial and cut reliance on imports. Through these efforts, India wants to grab a piece of the global space market. Currently, L&T is assembling India's first privately made polar satellite launch vehicle (PSLV), in partnership with Hindustan Aeronautics. This rocket is a key part of the Indian Space Research Organisation's (ISRO) space missions. Additionally, L&T is producing equipment for deep-space exploration programmes. Going forward, the company hopes to scale up its space business amid India's privatisation push, which has eased foreign investment limits and allocated a larger share of procurement budgets away from state-run enterprises. Hindustan Aeronautics HAL is an Indian public-sector aerospace and defence company. It plays a pivotal role in the Indian space sector, collaborating closely with Isro to advance space exploration efforts. HAL's Aerospace Division manufactures satellite and rocket components using aluminium alloy structures. These include conical and cylindrical tankages, as well as detailed parts like sheets, rings, brackets, and bolts. Also Read: This luggage leader is staging a turnaround. But can it overcome its baggage? Among the critical assemblies it produces are heat shields, nose cones, and fuel tanks used in satellites and launch vehicles. In partnership with L&T, it's assembling India's first privately made polar satellite launch vehicle (PSLV). This rocket plays a crucial role in Isro's space missions and marks a significant step toward privatising India's space launch capabilities. Given its expertise in manufacturing critical satellite and launch vehicle components, HAL is well-positioned to benefit from India's growing space sector. Its role in assembling the country's first private PSLV further strengthens its foothold. Going forward, the company plans to expand its reach in aerospace. Walchandnagar Industries It has been a key player in India's space journey for over five decades. Its partnership with Isro began back in 1973 with the manufacturing of motor cases for the SLV-3 programme. The company has built components like booster motor casings and nozzles for space missions—from SLV-3 and ASLV to PSLV and GSLV Mk II and Mk III. WIL's engineering excellence has supported the successful launch of satellites like ROHINI, SROSS, IRS, and GSAT. The company also played a role in India's landmark space missions—Chandrayaan I and Mangalyaan—by supplying critical equipment. WIL also contributed vital components to the Chandrayaan-3 mission, including the S200 booster segments used in the LVM3 launch vehicle and subsystems like the flex nozzle control tankages. These were built and tested in-house at WIL's facilities, built to meet Isro's exacting standards. As India's spacetech ambitions grow, WIL stands to benefit from increased demand for high-precision aerospace components. Going forward, WIL plans to continue its involvement in future Isro missions. Data Patterns Data Patterns has quietly become one of the key behind-the-scenes players in India's space journey. From building parts to exact Isro standards at its approved facility, to designing specialised nano satellite buses for low-cost, quick-turnaround missions, the company is deeply embedded in the space tech ecosystem. Also Read: Metro Brands' FY25 is a tale of two halves. Can the recovery be sustained? It also develops ground stations that help relay mission data and has been supporting Isro for over two decades with automated test systems for launch vehicles like PSLV and GSLV. Data Patterns has also contributed to automating launch pads at SDSC-SHAR, proving just how broad and critical its role is in powering India's space ambitions. Given its expertise in satellite systems, launch pad automation, and Isro-grade manufacturing, Data Patterns is well-positioned to benefit from the projected $44 bn Indian space economy. As demand rises for nano-satellites, test systems, and ground support infrastructure, the company stands to see strong order inflows. Going forward, the company plans to enhance its products. Conclusion The opportunities are huge, from satellite services to ambitious plans for the discovery of data beaming data worldwide to deep space. In India, the momentum is clearly building. With supportive policy shifts, growing private sector involvement, and a push for global partnerships, under the Indian Space Policy 2023, the country is carving out its place in this high-growth industry. The most exciting frontiers Earth Overview (EO) and remote sensing, are already making a difference on the ground. According to the FICCI-Ey report, this section can contribute $8 bn to India's space economy by 2033 alone. As more Indian states launch their own space strategies and interest from investors is taking up speed, it's becoming a fertile land for companies that can tap into the influence of the real world of space-operated solutions at the forefront, which are among the largest beneficiaries. Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions. Happy Investing. Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated from
India Today
5 days ago
- Science
- India Today
Isro ground PSLV fleet after launch disaster, continues to prep for Nisar launch
Days after the Polar Satellite Launch Vehicle failed moments after launch, the Indian Space Research Organisation (Isro) has temporarily grounded its trusted PSLV development comes following the failure of the PSLV-C61 mission on May 18, which was carrying the advanced EOS-09 earth observation decision comes as a high-level committee investigates the anomaly that led to the rocket's third-stage malfunction, resulting in the loss of the satellite and rocket over the Indian The PSLV, renowned for its 94% success rate with only four failures in 64 missions, encountered a rare setback when the third stage of PSLV-C61 suffered a sudden drop in chamber pressure, causing a loss of the first two stages performing reliably, the third stage's solid-fuel motor did not generate sufficient thrust, and the mission was aborted less than seven minutes after suspect a rupture in the fibre casing of the third-stage motor as a possible cause, with hot gases from the burning fuel potentially entering sensitive EOS-09 satellite, equipped with a sophisticated Synthetic Aperture Radar (SAR) capable of all-weather, day-and-night imaging, was intended to support environmental monitoring, disaster response, and national security loss is a significant operational setback for Isro, but officials remain confident in a swift the PSLV grounding, Isro's other launch vehicles remain for the high-profile Nasa-Isro Synthetic Aperture Radar (Nisar) mission, scheduled for launch in June 2025 aboard a GSLV rocket, are proceeding as Nisar mission, a $1.5 billion collaboration with Nasa, will deploy one of the world's most advanced radar imaging satellites to monitor Earth's changing systems and natural and external expert committees are now scrutinising telemetry and system diagnostics from the failed PSLV mission, with a detailed report expected by officials stress that the temporary grounding of PSLV is a standard safety measure and will not impact the schedule of other critical missions, including Nisar and the upcoming Gaganyaan human spaceflight Isro investigates the rare PSLV failure, its focus remains on ensuring flawless operations for future launches, particularly with ambitious crewed and international missions on the Watch
New Indian Express
6 days ago
- Science
- New Indian Express
Crewed missions ahead, Isro needs zero-flaw operations
The May 18 failure of India's workhorse Polar Satellite Launch Vehicle (PSLV) rocket to deliver sophisticated earth observation satellite EOS-09 to its intended orbit in space is a hard knock for the Indian Space Research Organisation (ISRO). The four-stage PSLV-C61 launcher lifted off with the EOS-09 satellite sharp at 5.59 am from Satish Dhawan Space Centre, Sriharikota. The first two stages performed reliably, but the problem began after the third stage fired. The PSLV-C61 lost thrust, and the remaining third and the fourth stage (latter nestling EOS-09) crashed into the sea. ISRO Chairman V Narayanan suspects it happened due to a fall in pressure in the PSLV-C61's third-stage motor chamber carrying Hydroxyl-terminated Polybutadiene as the solid propellant. Rocket propulsion experts understand that pressure in a rocket motor's combustion chamber can fall due to changes in the burning rate and surface area of the propellant or from issues within the nozzle, whether erosion or burning surface area. This caused a loss of thrust, preventing the PSLV-C61 from reaching the intended altitude of 534 km to release EOS-09 in its orbit and crashing about five minutes after launch.
NDTV
24-05-2025
- Science
- NDTV
ISRO Rocket Fails 7 Minutes Into Flight, National Panel Set Up To Find Out Why
New Delhi: ISRO could not accomplish the launch of a key Earth observation satellite on Sunday after the rocket carrying it, the workhorse PSLV-C61, failed mid-air, less than seven minutes after it took off. Determined to find the root cause of the failure, the space agency has set up a National Failure Analysis Committee and a complete audit of the rocket is underway, with all systems being reviewed thoroughly. The committee, more than half of whose members are from premier institutions like the Indian Institute of Science (IISc) and Indian Institutes of Technology (IITs), is expected to submit its report around the middle of next month. A set of voluminous data has already been shared with the panel. ISRO has also set up several internal committees to scrutinise every aspect of the Polar Satellite Launch Vehicle (PSLV), which is a highly dependable rocket, with a reliability of over 94% and just four failures in 63 launches - an enviable track record. Sources in the space agency said only the PSLV, and no other rocket, has been put on hold since its third stage uses a solid fuel motor, which is unique to it. The final call, they indicated, will be taken on future launches only after the National Failure Analysis Committee submits its report and ISRO fixes the problem. Giving an analogy, an expert said each rocket is like a child. "If one child falls down, can you ask the entire village to stop walking?" he quipped. A notice to airmen (or NOTAM), has, meanwhile, already been issued for the launch of the Geosynchronous Satellite Launch Vehicle Mark-2 or GSLV F-16 to fly between June 18 and July 17. The rocket, initially dubbed 'ISRO's naughty boy' and eventually tamed, is all set to fly the world's most expensive civilian Earth imaging satellite, named the NASA-ISRO Synthetic Aperture Radar Satellite or NISAR. It has been built by India and the US at a cost of $1.5 billion. Third-Stage Issue NDTV had earlier reported that a 'misbehaviour' of the third stage rocket motor may have contributed to the failure of the PSLV-C61, which was launching the EOS-9 surveillance satellite. The PSLV-C61 was travelling at 20,160 km per hour - about 28 times the speed of an airplane - when, some 888 km downrange from Sriharikota over the Indian Ocean, it tumbled down 6.26 minutes into its nearly 18-minute flight. Experts say the third stage did not explode, as speculated. In fact, as the rocket coasted along while losing altitude and thrust, even the fourth stage was probably ignited. It is still being analysed why the rocket motor "misbehaved" 100 seconds after it ignited the third stage. ISRO Chairman V Narayanan said there was a "fall in the chamber pressure of the motor case". Dr G Madhavan Nair, former Chairman of ISRO, a rocket specialist who played a key role as project director in mastering the PSLV rocket, estimates that a "possible rupture in the fibre casing of the nearly 8-tonne rocket motor could have been the cause of the failure". This remains the main suspect, but all angles are being investigated. The PSLV is a much-sought-after vehicle globally and India's launch site offers a unique location to maximally use its potential.
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Business Standard
23-05-2025
- Science
- Business Standard
ISRO chief V Narayanan says 2025 very important, declares it Gaganyaan year
Indian Space Research Organisation (ISRO) chief V Narayanan highlighted the importance of 2025, which has been declared the "Gaganyaan" year. The ISRO chief said that 7200 tests have been completed as of now, and 3000 tests are pending. The Gaganyaan Programme, approved in December 2018, envisages human spaceflight to Low Earth Orbit (LEO) and establishing technologies required for a long-term Indian human space exploration endeavour. V Narayanan was speaking at an event in Kolkata on Thursday. "This year is a very important year for us. We have declared it Gaganyaan year. Before sending the humans, we have planned three uncrewed missions and the first uncrewed mission is planned this year... Till date, more than 7200 tests have been completed and about 3000 tests are pending, work is going on 24 hours", V Narayanan said. V Narayanan expressed his happiness over the completion of SpaDeX mission. He asserted that ISRO "accounted for ten kilos of fuel to do this mission." He further informed that a number of missions are planned in 2025 which includes a NASA-ISRO synthetic aperture radar satellite, which will be launched by India's own launch vehicle. "Today, we are happy to report that the SpaDeX mission has been successfully completed. We accounted ten kilos of fuel to do this mission, but we did it with only half the fuel and the rest of the fuel is available, and in the coming months, you will hear that a lot of experiments are planned... This year, a number of important missions are planned and there is going to be a NASA-ISRO synthetic aperture radar satellite and it will be launched by our own launch vehicle and we are going to have a commercial mission and a communication satellite for commercial aspects, which we are going to launch", he added. According to ISRO's official website, the SpaDex mission is a cost-effective technology demonstrator mission that uses two small spacecraft launched by PSLV to demonstrate in-space docking. The ISRO chief said that by December 2025, the first uncrewed mission to be called as "Vyommitra", followed by two uncrewed missions, will be launched by ISRO. In contrast, the organisation targets the first human space flight by the first quarter of 2027. "By December this year, there will be the first uncrewed mission, followed by two uncrewed missions, and we are targeting the first human space flight by the first quarter of 2027. In fact, almost every month this year, a launch is scheduled. The first uncrewed mission with a robot called 'Vyommitra' will be launched by the end of this year", V Narayanan told reporters.
