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In a 1st for industry, HAL bags Isro's rocket tech in ₹511 cr deal
Business Standard
|June 21, 2025
Agreement to be signed among HAL, ISRO, NSIL, and IN-SPACE
State-run Hindustan Aeronautics Limited (HAL) has won a bid under which it will receive technology from the Indian Space Research Organisation (Isro) for the end-to-end commercial production of the Small Satellite Launch Vehicle (SSLV), a first for the industry as India seeks to become a hub for small satellite manufacturing and launches.
"In this milestone, India's national ambition takes priority. We're looking forward to working closely under Isro and IN-SPACe's guidance to progress in phases and realise the end objectives. We're confident of steering a cohesive ecosystem that enables more small satellite launches from India's ports," said DK Sunil, chairman and managing director of HAL.
This story is from the June 21, 2025 edition of Business Standard.
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