Latest news with #SmallSatelliteLaunchVehicles
Hans India
8 hours ago
- Business
- Hans India
ISRO to transfer SSLV tech to HAL in ₹511 crore deal
In a landmark move towards boosting India's private space capabilities, Hindustan Aeronautics Limited (HAL) has secured a ₹511 crore deal to take over the manufacturing and marketing of Small Satellite Launch Vehicles (SSLVs) from the Indian Space Research Organisation (ISRO), according to our sources. Over the next two years, ISRO will transfer the SSLV technology to HAL, which will be responsible for producing two SSLVs end-to-end, mirroring the methodology used in ISRO's developmental launches. The SSLV, capable of delivering up to 500 kg payloads to low-Earth orbit, is known for its rapid assembly, cost-effectiveness, and suitability for deploying mini and nano satellites. This move aims to reduce India's dependence on foreign players in the small satellite launch segment and increase its share in the growing global market. HAL will be allowed to independently manufacture and launch SSLVs starting August 2027, with autonomy to redesign components and select suppliers, although 51% ownership must remain with an Indian entity as per government norms. HAL beat out Adani-backed Alpha Design Technologies and Bharat Dynamics Ltd to win the contract, which was awarded after a two-phase evaluation process headed by former Principal Scientific Adviser K. VijayRaghavan. Unlike the PSLV procurement model, this initiative shifts the onus of production, launch, and marketing entirely to the private player. 'This is different from the PSLV model, where we were the buyers,' said Radhakrishnan Durairaj, CMD of NewSpace India Limited (NSIL). 'Now, HAL will look for its own market. There's significant global demand as satellites are increasingly miniaturised.' NSIL has already scheduled 15 SSLV launches to strengthen India's foothold in the space sector, with the first one planned for late 2026. Ahead of that, two SSLV missions carrying private Indian payloads are slated for launch in October 2025 and February 2026. 'We want India to become the global hub for small satellite launches,' said Pawan Goenka, Chairman of IN-SPACe, India's nodal agency for space sector promotion and regulation. This deal marks a turning point in India's space commercialisation roadmap and paves the way for HAL to become a key player in the international small satellite market.
The Hindu
a day ago
- Business
- The Hindu
HAL wins ₹511-crore deal to build, own and commercialise SSLV launches
The Hindustan Aeronautics Limited has bagged a Transfer of Technology (ToT) deal, valued at ₹511 crore, from the Indian Space Research Organisation, to build and operate Small Satellite Launch Vehicles (SSLVs). The SSLV is a three-stage vehicle to launch satellites that weigh less than 500 kg into the Lower Earth Orbit (LEO). The Indian National Space Promotion and Authorisation Centre (IN-SPACe) on Friday announced the HAL as the winning bidder among three shortlisted bidders. The deal will enable commercialisation of SSLV launches. Other contenders Apart from the HAL, which had applied independently, two other technically qualified bidders were shortlisted: Alpha Design Technologies Ltd., Bengaluru, leading a consortium with Agnikul Cosmos and Walchand Industries Ltd.; and Bharat Dynamics Ltd., Hyderabad, leading a consortium with Skyroot Aerospace, Keltron and Bharat Heavy Electricals Limited (BHEL). Among the three, HAL emerged as the highest bidder. Pawan Goenka, Chairman, IN-SPACe, announced the winner. 'The HAL will be giving ₹511 crore. It is a phased payment that will be done with some amount at the time of signing the contract and the remaining coming over a period of two years. The ToT phase will take two years and during these two years, the HAL will make at least two SSLV rockets with complete help and handholding from the ISRO and after two years, they will be on their own. So during the two years, they will draw all the technology and take it from there,' Dr. Goenka said. Rigorous evaluation IN-SPACe said the bidding process involved a rigorous eligibility and evaluation framework. 'A thorough evaluation process was followed, with various technology and financial readiness levels under review. The process, which continued for several months, culminated in the financial bid evaluation, where the HAL emerged as the highest bidder to acquire and operationalise SSLV technology,' the IN-SPACe said. The ToT Agreement will be signed among HAL, NewSpace India Limited (NSIL), ISRO, and IN-SPACe. The agreement encompasses extensive training and handholding of HAL personnel by ISRO teams, both at ISRO and HAL facilities, for the realisation and launch of two SSLVs in the next two years. 'The launch vehicle system, being multidisciplinary in nature, would require the winning entity, HAL, to undergo rigorous handholding and training under ISRO at both ISRO's and the entity's facilities. This is aimed at realising the projected launch of two SSLVs from an Indian launch port,' Rajeev Jyoti, Director, Technical Directorate, IN-SPACe, said. Barenya Senapati, Director (Finance), HAL said that the PSU intends to build six to 12 SSLVs per year during the production phase and that it may ramp up based on demand and requirement. Space launch liability To a question on who will take the liability of a privately manufactured SSLV, Dr. Goenka said the state (Government of India) has the responsibility. 'It is an international rule and not something India or the HAL or IN-SPACe can decide. Now, it is up to the Indian government to decide how much of that liability they keep on themselves and how much they pass on to the owner and launcher of the vehicle. As per the contract we will have, the HAL will follow whatever is the law of the land.' 'We will come out with a decision on how the launch liability will be shared between the owner of the rocket and the Government of India,' he added.
Business Upturn
a day ago
- Business
- Business Upturn
HAL shares in focus after company wins Rs 500 crore bid to privately manufacture small satellite launch rockets
Hindustan Aeronautics Ltd (HAL) shares were in focus on Friday after the company secured a key win in India's growing space sector. HAL has been selected by the Indian National Space Promotion and Authorization Center (IN-SPACe) to manufacture Small Satellite Launch Vehicles (SSLVs), marking a significant step in private participation in the country's space ambitions. The company reportedly won the bid with an offer of ₹500 crore for the SSLV technology. On the stock front, HAL opened at ₹4,910 and, at the time of writing, touched an intraday high of ₹4,969.70 and a low of ₹4,853. The stock has been strong in the past year, trading well above its 52-week low of ₹3,046.05 but still below its 52-week high of ₹5,674.75. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
