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HAL Outbids Adani to Bag SSLV Deal
Financial Express Hyderabad
|June 21, 2025
STATE-RUN Hindustan Aeronautics (HAL) has won a bid to commercially make small satellite launch rockets, in the government's biggest move yet to open India's fast-growing space industry to private players.
Fighter jet maker HAL won with a bid of ₹511 crore, the Indian National Space Promotion and Authorisation Centre (IN-SPACE) said on Friday.
Reuters reported in February that three consortiums—Alpha Design Technologies, a unit of Adani Defence Systems and Technologies, state-backed Bharat Dynamics and HAL—were the finalists to acquire the small satellite launch vehicle (SSLV) technology.
This story is from the June 21, 2025 edition of Financial Express Hyderabad.
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