In terms of Regulation 30 of the SEBI (LODR) Regulations, 2015, Hindustan Aeronautics has informed that the Company and L&T consortium has emerged as L1 to make 5 Polar Space Launch Vehicles (PSLVs) for ISRO. Company is the lead partner with L&T sharing the work. Other vendors too will be involved with the consortium in the manufacturing of the Launch Vehicles. However, the contract is yet to be formalised/ awarded. It may be noted that, ISRO's commercial arm, NSIL has floated the RFP for the said work in December, 2020.
The above information is a part of company’s filings submitted to BSE.
