A space consortium formed by Hindustan Aeronautics (HAL) and Larsen & Toubro (L&T) was awarded a Rs 860-crore contract for the next five Polar Satellite Launch Vehicles (PSLVs), pointing to the healthy growth and consolidation of the domestic space and satellite launch industry.
“(The) HAL-L&T consortium bagged a Rs 860-crore contract for end-to-end realisation of five PSLVs over a period of four years from NewsSpace India (NSIL)”, it was announced on Monday during the inaugural session of the 7th Bengaluru Space Expo 2022.
Over the years, the Indian Space Research Organisation’s (Isro’s) workhorse, PSLV, has carried out more than 52 successful flights and the rocket has attained operational status.
