HAL-L&T consortium bags Rs 8.60 bn NewSpace PSLV contract

07 Sep 2022 CW Team

A consortium of Hindustan Aeronautics Ltd (HAL) and Larsen & Toubro (L&T) has bagged a Rs 8.60 billion contract from the NewsSpace India Ltd (NSIL) for end-to-end realisation of five Polar Satellite Launch Vehicles (PSLVs) over a period of four years.

The contract was exchanged this week between HAL and NSIL during the inaugural session of the seventh Bengaluru Space Expo 2022. Over the years, ISRO's PSLV has performed more than 52 successful flights, and the vehicle has attained operational status. The Indian Space Research Organisation (ISRO) formed a separate entity, NewSpace India, with the primary mandate of enabling Indian industries to scale up their high-technology manufacturing and production base for meeting the needs of the Indian space programme.

As part of its mandate NSIL, had invited Expression of Interest (EoI) in August 2019 for realization of five PSLV-XL Launch Vehicles by Indian industry. Based on competitive bidding, the HAL-led consortium emerged as the successful bidder.

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..