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.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..