Daily Current Affairs / ISRO Transfers SSLV Launch Vehicle Technology to HAL in ₹511 Crore Deal:
Category : Science and Tech Published on: June 24 2025
Hindustan Aeronautics Limited (HAL) secured a ₹511 crore contract from IN‑SPACe to manufacture and commercialise ISRO’s Small Satellite Launch Vehicle (SSLV). HAL will produce 6–8 rockets annually for Indian and overseas customers and becomes the first Indian entity to own full SSLV launch vehicle technology, estimated at $6.5 million revenue per launch.
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