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Hans India
21-06-2025
- Business
- Hans India
ISRO to transfer SSLV tech to HAL in ₹511 crore deal
In a landmark move towards boosting India's private space capabilities, Hindustan Aeronautics Limited (HAL) has secured a ₹511 crore deal to take over the manufacturing and marketing of Small Satellite Launch Vehicles (SSLVs) from the Indian Space Research Organisation (ISRO), according to our sources. Over the next two years, ISRO will transfer the SSLV technology to HAL, which will be responsible for producing two SSLVs end-to-end, mirroring the methodology used in ISRO's developmental launches. The SSLV, capable of delivering up to 500 kg payloads to low-Earth orbit, is known for its rapid assembly, cost-effectiveness, and suitability for deploying mini and nano satellites. This move aims to reduce India's dependence on foreign players in the small satellite launch segment and increase its share in the growing global market. HAL will be allowed to independently manufacture and launch SSLVs starting August 2027, with autonomy to redesign components and select suppliers, although 51% ownership must remain with an Indian entity as per government norms. HAL beat out Adani-backed Alpha Design Technologies and Bharat Dynamics Ltd to win the contract, which was awarded after a two-phase evaluation process headed by former Principal Scientific Adviser K. VijayRaghavan. Unlike the PSLV procurement model, this initiative shifts the onus of production, launch, and marketing entirely to the private player. 'This is different from the PSLV model, where we were the buyers,' said Radhakrishnan Durairaj, CMD of NewSpace India Limited (NSIL). 'Now, HAL will look for its own market. There's significant global demand as satellites are increasingly miniaturised.' NSIL has already scheduled 15 SSLV launches to strengthen India's foothold in the space sector, with the first one planned for late 2026. Ahead of that, two SSLV missions carrying private Indian payloads are slated for launch in October 2025 and February 2026. 'We want India to become the global hub for small satellite launches,' said Pawan Goenka, Chairman of IN-SPACe, India's nodal agency for space sector promotion and regulation. This deal marks a turning point in India's space commercialisation roadmap and paves the way for HAL to become a key player in the international small satellite market.
Time of India
20-06-2025
- Business
- Time of India
HAL bags Rs 511 crore deal to acquire ISRO's SSLV rocket tech
Hindustan Aeronautics Ltd (HAL) has emerged as the winning bidder for the transfer of Indian Space Research Organisation's (ISRO) small satellite launch vehicle (SSLV) technology, marking one of the most significant technology transfers from the space agency to a commercial entity. The deal is worth Rs 511 crore. Under the agreement, HAL will independently build, own, and operate SSLV rockets, with ISRO providing training and handholding for two missions over the next two years, the space regulator and promoter, the Indian National Space Promotion and Authorisation Centre (IN-SPACe), announced on Friday. Among the three bidders, the public sector undertaking (PSU) HAL's standalone bid beat the Adani-backed Alpha Design Technologies consortium, comprising Agnikul Cosmos and Walchand Industries. The second consortium was led by Bharat Dynamics along with Skyroot Aerospace, Keltron, and BHEL to win the ₹511-crore tender. 'This is one of the first instances of a space agency transferring complete launch vehicle technology to a company. Under this transfer agreement, HAL will have the capability to independently build, own, and commercialise SSLV launches,' said Pawan Goenka, Chairman, IN-SPACe. HAL aims to manufacture 6-8 SSLV rockets per year, depending on demand, and is expected to generate about $6.5 million in revenue per launch. SSLV is a three-stage, solid-propulsion rocket by ISRO to launch small satellites of about 500 kg into a 500 km orbit. It's designed to be cost-effective and flexible, offering launch-on-demand capabilities with reduced turnaround times. 'The system is multidisciplinary in nature and will require rigorous training of HAL personnel at both ISRO and HAL sites,' said Rajeev Jyoti, director, technical directorate at IN-SPACe. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories IN-SPACe added that a rigorous eligibility and evaluation framework was followed. 'The process, which continued for several months, culminated in the financial bid evaluation, where HAL emerged as the highest bidder to acquire and operationalise SSLV technology ,' it said in a statement. The SSLV technology transfer will be formalised through an agreement involving HAL, ISRO, NewSpace India Ltd (NSIL) and IN-SPACe. HAL's director finance Barenya Senapati said winning the bid was in line with HAL's larger goal of entering the space sector in a bigger way than it has been doing in the past. He added that the new portfolio will not affect its current operations. HAL and Larsen & Toubro (L&T) are already jointly building ISRO's trusted Polar Satellite Launch Vehicles (PSLV) rockets under a contract with NewSpace India Limited (NSIL). The contract for five PSLV rockets is worth Rs 860 crore, that is, each PSLV rocket costs approximately Rs 172 crore to build. Following the announcement of the winning bid, shares of HAL settled 1.18% higher at Rs 4,960 on Friday.
Time of India
06-06-2025
- Business
- Time of India
Akasa plans 50 departures from Navi Mumbai: CEO
Akasa Air is set to operate 50 flights from the upcoming Navi Mumbai airport, with an initial 15 departures including both domestic and international routes. CEO Vinay Dube anticipates Akasa Air having the largest percentage of its network based out of the new airport. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Akasa Air plans to operate 50 flights from the upcoming Adani-backed Navi Mumbai airport , starting off with about 15 departures which will be a combination of both domestic and international, said Vinay Dube , its chief executive Navi Mumbai airport is expected to open by the end of August, although the exact date is yet to be finalised. Dube claimed Akasa Air would be the airline with the most number of flights from there."I'm sure there'll be others, but I don't believe there'll be any other airline in India, or in fact the world, that would have a larger percentage of their network based out of Navi Mumbai Airport as compared to Akasa," Dube told reporters at a virtual roundtable on Bansal, CEO of Adani Airports Holdings Limited , said in a press statement, "Their rapid growth and forward-looking approach make them an ideal partner in NMIA's journey to becoming a key domestic and international hub."Budget carrier Akasa operates some 32 flights from Mumbai daily. "In Mumbai, we have close to 32 departures today and Navi Mumbai, we expect to take that up to about 75 to 80 odd departures as we exit winters. That's how significant this is for us," said airline will continue to maintain these flights with "no plans to consolidate operations", Dube said. The carrier will also focus on connecting tier-II cities through its Navi Mumbai Air is the second airline to sign an agreement with Navi Mumbai airport. IndiGo , which will be the first to commence flights from the new airport, plans to start with over 18 daily departures to 15 cities from day one of the airport's opening and aims to increase operations to 79 departures by Air will start with over 100 weekly domestic departures, scaling up to more than 300 domestic and 50 international departures per week in the winter schedule. The airline plans to expand to 10 parking bases by the end of FY27, focusing on international growth in key Middle Eastern and Southeast Asian said the airline will have a mix of prime slots as well as slots spread across the day.
