HAL Wins Rs 5.11 Billion Deal to Build SSLV Rockets

23 Jun 2025 CW Team

With this win, HAL becomes India’s third rocket manufacturer, following private space tech firms Skyroot Aerospace and Agnikul Cosmos. Under the new mandate, HAL is expected to produce between six and twelve SSLV rockets per year.

According to IN-SPACe chairman Dr. Pawan Kumar Goenka, the project will begin with HAL building two SSLV prototypes over the next two years, during which ISRO will transfer the required technology. HAL emerged as the highest bidder at Rs 5.11 billion, beating out two other consortiums led by Alpha Design (Bengaluru) and Bharat Dynamics Limited (Hyderabad).

The competitive selection process initially shortlisted six firms, narrowing down to three for the final evaluation. The expert selection committee included prominent figures such as former Principal Scientific Adviser to the Government of India, Dr. Vijay Raghavan.

During the initial development phase, HAL is required to use ISRO’s existing supply chain and adhere strictly to the original SSLV design. After this period, the company will have the autonomy to choose its own vendors and incorporate design enhancements under ISRO’s advisory oversight.

Dr. Goenka noted the possibility of design improvements to make the SSLV more efficient and cost-effective. HAL will make an upfront payment from its Rs 5.11 billion bid at the time of signing the contract, with the balance to be paid in instalments over the two-year development period.

A HAL representative confirmed the firm’s intent to offer competitively priced satellite launch services once operational but did not disclose specific pricing. The development of SSLVs by HAL is expected to bolster India's small satellite launch capacity and help meet the growing global demand for low-cost, on-demand orbital access.

Hindustan Aeronautics Limited (HAL), based in Bengaluru, has secured a major Rs 5.11 billion contract to develop India’s Small Satellite Launch Vehicle (SSLV), following a two-stage techno-commercial bidding process. The announcement was made jointly by the Indian National Space Promotion and Authorisation Centre (IN-SPACe) and the Indian Space Research Organisation (ISRO).With this win, HAL becomes India’s third rocket manufacturer, following private space tech firms Skyroot Aerospace and Agnikul Cosmos. Under the new mandate, HAL is expected to produce between six and twelve SSLV rockets per year.According to IN-SPACe chairman Dr. Pawan Kumar Goenka, the project will begin with HAL building two SSLV prototypes over the next two years, during which ISRO will transfer the required technology. HAL emerged as the highest bidder at Rs 5.11 billion, beating out two other consortiums led by Alpha Design (Bengaluru) and Bharat Dynamics Limited (Hyderabad).The competitive selection process initially shortlisted six firms, narrowing down to three for the final evaluation. The expert selection committee included prominent figures such as former Principal Scientific Adviser to the Government of India, Dr. Vijay Raghavan.During the initial development phase, HAL is required to use ISRO’s existing supply chain and adhere strictly to the original SSLV design. After this period, the company will have the autonomy to choose its own vendors and incorporate design enhancements under ISRO’s advisory oversight.Dr. Goenka noted the possibility of design improvements to make the SSLV more efficient and cost-effective. HAL will make an upfront payment from its Rs 5.11 billion bid at the time of signing the contract, with the balance to be paid in instalments over the two-year development period.+A HAL representative confirmed the firm’s intent to offer competitively priced satellite launch services once operational but did not disclose specific pricing. The development of SSLVs by HAL is expected to bolster India's small satellite launch capacity and help meet the growing global demand for low-cost, on-demand orbital access.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..