HAL Outbids Adani to Bag SSLV Deal

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.

- NIVEDITA BHATTACHARJEE

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.