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.

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