Hindustan Aeronautics-L&T consortium has bagged Rs 860 crore deal from NewSpace India (NSIL) to build five rockets, marking industry's maiden foray into end-to-end production of Polar Satellite Launch Vehicles (PSLVs). The contract is for manufacturing five PSLV rockets, the versatile workhorse launch vehicle of India.
The consortium will now be responsible for producing, assembling and integrating the launcher by making use of the existing ISRO facilities under GOCO (Government Owned, Contractor Operated) model.
Hindustan Aeronautics is Bengaluru based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.
