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…