Latest news with #TransferAgreements
India.com
03-07-2025
- Business
- India.com
10 ISRO Technologies Transferred To Indian Firms, Says IN-SPACe
New Delhi: The Indian National Space Promotion and Authorisation Centre (IN-SPACe) on Thursday said it facilitated the transfer of 10 state-of-the-art technologies developed by the Indian Space Research Organisation (ISRO) to six Indian companies. The tripartite Technology Transfer Agreements (TTAs) were signed between NewSpace India Limited (NSIL), the six companies, and IN-SPACe at the IN-SPACe headquarters in Ahmedabad. The technology transfers will give private players the opportunity to access the developed technologies available with ISRO, enabling them to use space-related technology for commercial applications in space as well as other sectors. The technologies that foster satellite launch, ground station infrastructure, and geospatial applications are expected to deepen industry participation, enable indigenisation, and reduce dependency on foreign technologies. 'The transfer of these technologies marks yet another significant step towards empowering the private sector to harness and commercialise space technologies. ISRO has a flourishing repository of R&D in space technologies, and it is time we leverage that to the optimum to strengthen India's space industrial ecosystem, and in that, industry-led innovation will play a key role,' said Dr. Pawan Goenka, Chairman, IN-SPACe. Two advanced inertial sensors -- the Laser Gyroscope and the Ceramic Servo Accelerometer -- developed by ISRO's Inertial Systems Unit, for potential use in satellite launch vehicles, have been transferred to Hyderabad-based Zetatek Technologies. The company has over 25 years of expertise in Inertial Navigation System (INS) testing, calibration, and QA/QT equipment. Three technologies related to ground station operations -- S/X/Ka tri-band dual circular polarised monopulse feed, tri-axis antenna control servo system, and Ku/C/L and S Band Cassegrain feed -- have been transferred to Avantel and Jisnu Communications, Hyderabad-based companies specialising in end-to-end communications solutions for space and defence platforms. These technologies, currently sourced from foreign vendors, will enable self-reliance in critical ground station infrastructure. Further, two geospatial models developed by SAC/ISRO for pest forewarning and semi-physical crop yield estimation were transferred to Ahmedabad-based Amnex Info Technologies, to be deployed in agricultural decision-making and crop protection. A compact, multi-parameter, portable bathymetry system developed by NRSC/ISRO has been transferred to Jalkruti Water Solutions, Ahmedabad, to enable UAV-based integration for water resource monitoring. Further, VSSC/ISRO's ceramic-based flame-proof coating technology -- originally developed for launch vehicle applications -- has been acquired by Ramdev Chemicals, Ahmedabad, for wider industrial applications. 'With this transfer, we are taking a pivotal step toward building indigenous capabilities within India. ISRO, IN-SPACe, and NSIL will collaboratively provide comprehensive handholding support to all the industry players to ensure successful absorption of the technology,' said Rajeev Jyoti, Director, Technical Directorate, IN-SPACe.
Business Recorder
07-05-2025
- Business
- Business Recorder
NGC BoD constitutes restructuring body to oversee transition
ISLAMABAD: The National Grid Company (NGC), formerly known as the National Transmission and Despatch Company (NTDC), has informed the Power Division that its Board of Directors (BoD) has constituted a Restructuring Committee to oversee all phases of the transition, as approved by the Federal Cabinet, sources told Business Recorder. The move follows a letter from the Power Division dated November 20, 2024, regarding the implementation of the Cabinet's decision— communicated on November 6, 2024— to restructure NTDC. Maria Rafique, Chief Law Officer (CLO) of NGC, informed the Power Division that, in compliance with the Cabinet directive, NTDC shareholders in their 2nd Extraordinary General Meeting on December 26, 2024, unanimously resolved to change the company's name to National Grid Company of Pakistan Limited, subject to approvals from the Securities and Exchange Commission of Pakistan (SECP). Cabinet decides to divide NTDC into two entities To facilitate this transition, the CLO was authorised to carry out all necessary legal and procedural requirements. Nepra issued its no-objection to the proposed name change on February 24, 2025, in response to the application submitted on December 19, 2024. Subsequently, SECP formally approved the change through a Certificate of Incorporation on March 20, 2025 (Identification No. 0039611). Simultaneously, the Energy Infrastructure Development and Management Company (EIDMC) was also incorporated. The Ministry of Energy (Power Division) submitted incorporation documents, including the Articles and Memorandum of Association, to SECP on January 1, 2025. SECP issued the Certificate of Incorporation on January 3, 2025, under Section 16 of the Companies Act, 2017, legally establishing the company. Following incorporation, the CLO communicated post-incorporation steps via emails dated January 15, January 28, February 25, and March 28, 2025, to relevant officials in the Power Division under the framework of the State-Owned Enterprises Act and SECP regulations. On the matter of the Independent System & Market Operator (ISMO), NGC's Legal Department facilitated its incorporation by preparing the Articles and Memorandum of Association and ensuring full regulatory compliance. ISMO was formally incorporated on December 4, 2024. To support ISMO's operationalization, NGC allocated legal, finance, and HR resources with effect from January 1, 2025. Additionally, NTDC, CPPA-G, and ISMO jointly submitted applications to Nepra for the transfer and acquisition of relevant licenses on December 31, 2024. Business Transfer Agreements (BTAs) and Service Level Agreements (SLAs) between NTDC and ISMO, as well as between CPPA-G and ISMO, have been approved by the respective Boards and signed by all parties involved. Although the Power Division's directive only required NTDC's Board to implement the transitions to NGC and EIDMC, the company also proactively supported the incorporation and initial operations of ISMO. The restructuring is progressing in line with the Cabinet's directives, with major milestones already achieved. The transition to the National Grid Company of Pakistan Limited remains ongoing, including steps such as organisational rightsizing. 'We have been regularly updating the Power Division on restructuring progress as required. Further updates will be provided upon completion of the remaining formalities,' said Maria Rafique, adding that the BoD of NGC has formally established a Restructuring Committee to guide the transition. Nepra has also issued licenses to the newly established entities, supporting the restructuring process and marking a significant advancement in Pakistan's power sector reform agenda. Copyright Business Recorder, 2025
