India’s first privately made PSLV is close to lift-off

handling the core hardware manufacturing part of the deal, and if all goes well, we should see multiple PSLV launches in 2026 itself,” said Amit Ramchandani, senior vice-president and head of precision engineering and systems at L&T, confirming the launch timeline.

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Privatizing rocket production follows the US model where the space agency sets the specifications and the rockets are built by private entities like SpaceX, Blue Origin and Northrop Grumman. The launch of India's first such rocket could attract more space startups and set the stage for more public-private partnerships. Under the contract, the HALL&T venture has agreed to build five PSLVs for ₹860 crore.

Isro’s commercial unit NewSpace India Ltd (NSIL) is handling the private PSLV project, without the direct involvement of the Indian space agency or its nodal space authorization body, Indian National Space Promotion and Authorization Centre (In-Space).