Sunday, June 23, 2024

HAL-L&T Consortium Bags Rs 860 Crore PSLV Contract

By Staff Correspondent

HAL-L&T consortium bagged Rs 860 crore contract for end-to-end realisation of five Polar Satellite Launch Vehicles (PSLV) over a period of four years from the NewSpace India Limited (NSIL). The contract was exchanged on September 5 between HAL and NSIL during the inaugural session of the 7th Bengaluru Space Expo 2022 at the Bangalore International Exhibition Centre (BIEC).

Over the years, ISRO’s PSLV, has successfully performed more than 52 successful flights and the vehicle has since attained its operational status. ISRO formed a separate entity NewSpace India Limited (NSIL) with primary mandate of enabling Indian industries to scale up high-technology manufacturing and production base for meeting the needs of the Indian space programme.

As part of its mandate NSIL had invited Expression of Interest (EoI) on August 16, 2019, for realisation of five PSLV-XL Launch Vehicles by Indian industry. Based on competitive bidding HAL led consortium emerged as the successful bidder.

The contract will mark industry’s maiden foray into end-to-end production of Polar Satellite Launch Vehicles (PSLVs) – the versatile workhorse launch vehicle. The consortium will now be responsible for producing, assembling and integrating the launcher by making use of the existing ISRO facilities under GOCO (Government Owned, Contractor Operated) model.


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