HAL-L&T consortium bags Rs 8.60 bn NewSpace PSLV contract

07 Sep 2022 CW Team

A consortium of Hindustan Aeronautics Ltd (HAL) and Larsen & Toubro (L&T) has bagged a Rs 8.60 billion contract from the NewsSpace India Ltd (NSIL) for end-to-end realisation of five Polar Satellite Launch Vehicles (PSLVs) over a period of four years.

The contract was exchanged this week between HAL and NSIL during the inaugural session of the seventh Bengaluru Space Expo 2022. Over the years, ISRO's PSLV has performed more than 52 successful flights, and the vehicle has attained operational status. The Indian Space Research Organisation (ISRO) formed a separate entity, NewSpace India, with the primary mandate of enabling Indian industries to scale up their 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) in August 2019 for realization of five PSLV-XL Launch Vehicles by Indian industry. Based on competitive bidding, the HAL-led consortium emerged as the successful bidder.

NewSpace India; HAL; L&T; PSLV; ISRO

Infrastructure Energy

01 Jul 2025

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman鈥檚 investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle鈥檚 growing footprint in international exploration and mining services. ..

Equipment

01 Jul 2025

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20鈥�25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Infrastructure Urban

01 Jul 2025

Amit Shah Inaugurates Key Projects Across Gujarat

Union 亚博体育官网首页 Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat鈥檚 Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..