MoneyWorks4Me

L&T enters into MoU with HAL to manufacture industry-made PSLV

14 Jan 2019 Evaluate

Larsen & Toubro (L&T) has entered into a memorandum of understanding (MoU) with Hindustan Aeronautics (HAL) to manufacture the industry-made Polar Satellite Launch Vehicle (PSLV).

The Indian Space Research Organisation (ISRO) has initiated an action plan to get the PSLV production ready through industry, with the Government clearing the proposal.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

Peers
Company Name CMP
Larsen & Toubro 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
View more..