Latest news with #AdaniDefence
CNA
20 hours ago
- Business
- CNA
Warplane maker HAL wins bid to privatise India's small satellite launch rockets
BENGALURU :Hindustan Aeronautics Ltd has won the bid to privately make India's small satellite launch rockets, the country's space regulator said on Friday, the government's biggest step yet to open its fast-growing space industry to private players. Reuters reported in February that three consortiums - Alpha Design Technologies, a unit of Adani Defence Systems and Technologies, state-backed Bharat Dynamics and HAL - were the finalists to acquire India's Small Satellite Launch Vehicle (SSLV) technology. Fighter jet maker HAL had applied independently, Indian Space Research Organisation (ISRO) said in a statement on Friday. HAL's wining bid was 5.11 billion rupees ($59 million), Pawan Goenka, the head of Indian National Space Promotion and Authorisation Centre (IN-SPACe) told reporters, adding that the technology transfer phase will take two years. Shares of HAL rose as much as 1.6 per cent to hit session's high at 4,980 rupees after the announcement. The move to hand the SSLV's technology to HAL marks a significant shift for India's space industry, which has already granted satellite communication service licenses to global and domestic firms such as France's Eutelsat and Reliance Jio's satellite venture. By winning the bid to make the rocket, capable of carrying 500kg payloads to low-Earth orbit, HAL will have the capability to independently build, own, and commercialize SSLV launches, Goenka added. About 20 companies had initially expressed interest in bidding for the SSLV, the first privatisation of its kind under Prime Minister Narendra Modi's policy drive to open up India's space industry. The global low Earth orbit launch vehicle market was valued at $13.9 billion in 2023 and is estimated to grow to about $44 billion by 2032, according to Global Market Insights. India, which accounts for only 2 per cent of the global space economy, is eyeing a fivefold expansion to $44 billion by the end of the decade.
India.com
3 days ago
- Business
- India.com
Is Gautam Adani helping Israel in War against Iran? Israeli hunter drone Hermes-450 wreaks havoc, Tehran's air defense..., manufactured in...
Gautam Adani has extensive investments in Israel. (File) Tehran/Tel Aviv: Tensions between Israel and Iran have entered the sixth day, with both sides launching intense attacks against each other, as the region anxiously braces for the possibility of a wider and more devastating conflict. Early on Wednesday, the Israeli military said new waves of missiles had been launched from Iran. Israeli media outlets reported that the latest salvos triggered sirens across the entire country, including the Tel Aviv area where explosions and fires were reported. The Israeli forces have reportedly used the Hermes 450 to strike high-value targets in Iran. The Hermes 450 drone is part of Elbit Systems' Hermes family. Here are some of the important details: Israel deployed Hermes 450 to eliminate senior officials of the Iranian Revolutionary Guard Corps (IRGC) Hermes 450 deployed to target mobile anti-aircraft missile launchers mounted on Iranian trucks. This move was aimed at securing Iranian airspace for its air force and neutralizing Iran's offensive capabilities. Interestingly, exactly one year ago, Israel had refrained from using this drone in Lebanon due to fears that Hezbollah might target them. It is important to note that the drones used by Israel to wreak havoc in Iran were manufactured in India. However, it's unclear whether the Indian-made drones are being used in these operations. But it's a fact that Adani Defence and Israeli defence giant Elbit Systems had entered into an agreement to produce the Hermes drones. Together, Adani Defence and Elbit Systems manufacture the Hermes drones at the 'Adani Elbit UAV Complex' in Hyderabad. This is India's first private UAV manufacturing facility of its kind, where carbon composite aerostructures for the Hermes series drones are built. Both the Hermes 450 and Hermes 900 fall under the Medium Altitude Long Endurance (MALE) category of UAVs, primarily designed for surveillance, communication, and intelligence gathering. Drones like the Hermes 450 and Hermes 900 have transformed Israel's strategic warfare landscape. According to ynetnews, with their help, the Israeli Air Force has destroyed hundreds of radars and anti-aircraft systems, allowing them to now 'target Tehran two to three times a day.' Hermes UAVs remain active in the field for extended periods and consistently maintain their mission capabilities. In other words, these drones manufactured at India's Hyderabad factory are proving to be game changers in some of the world's most dangerous battlefields.
