Warplane maker HAL wins bid to privatise India’s small satellite tv for pc launch rockets

Jun 20, 2025 04:11 PM IST The successful bid was 5.11 billion rupees, enabling HAL to independently construct and commercialize SSLV launches. Hindustan Aeronautics Ltd has received the bid to privately make India’s small satellite tv for pc launch rockets, the nation’s house regulator mentioned on Friday, the federal government’s greatest step but to open its fast-growing house business to non-public gamers. Fighter jet maker HAL had utilized independently, Indian Space Research Organisation (ISRO) mentioned in an announcement on Friday.(Representational Image) Reuters reported in February that three consortiums – Alpha Design Technologies, a unit of Adani Defence Systems and Technologies, state-backed Bharat Dynamics and HAL – had been the finalists to amass India’s Small Satellite Launch Vehicle (SSLV) know-how. Fighter jet maker HAL had utilized independently, Indian Space Research Organisation (ISRO) mentioned in an announcement on Friday. HAL’s wining bid was 5.11 billion rupees ($59 million), Pawan Goenka, the top of Indian National Space Promotion and Authorisation Centre (IN-SPACe) informed reporters, including that the know-how switch part will take two years. Shares of HAL rose as a lot as 1.6% to hit session’s excessive at 4,980 rupees after the announcement. The transfer handy the SSLV’s know-how to HAL marks a big shift for India’s house business, which has already granted satellite tv for pc communication service licenses to world and home companies corresponding to France’s Eutelsat and Reliance Jio’s satellite tv for pc enterprise. By successful the bid to make the rocket, able to carrying 500kg payloads to low-Earth orbit, HAL could have the aptitude to independently construct, personal, and commercialize SSLV launches, Goenka added. About 20 corporations had initially expressed curiosity in bidding for the SSLV, the primary privatisation of its type beneath Prime Minister Narendra Modi’s coverage drive to open up India’s house business. The world low Earth orbit launch automobile market was valued at $13.9 billion in 2023 and is estimated to develop to about $44 billion by 2032, based on Global Market Insights. India, which accounts for less than 2% of the worldwide house economic system, is eyeing a fivefold enlargement to $44 billion by the top of the last decade.