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Time of India
a day ago
- Business
- Time of India
HAL bags Rs 511 crore deal to acquire ISRO's SSLV rocket tech
Hindustan Aeronautics Ltd (HAL) has emerged as the winning bidder for the transfer of Indian Space Research Organisation's (ISRO) small satellite launch vehicle (SSLV) technology, marking one of the most significant technology transfers from the space agency to a commercial entity. The deal is worth Rs 511 crore. Under the agreement, HAL will independently build, own, and operate SSLV rockets, with ISRO providing training and handholding for two missions over the next two years, the space regulator and promoter, the Indian National Space Promotion and Authorisation Centre (IN-SPACe), announced on Friday. Among the three bidders, the public sector undertaking (PSU) HAL's standalone bid beat the Adani-backed Alpha Design Technologies consortium, comprising Agnikul Cosmos and Walchand Industries. The second consortium was led by Bharat Dynamics along with Skyroot Aerospace, Keltron, and BHEL to win the ₹511-crore tender. 'This is one of the first instances of a space agency transferring complete launch vehicle technology to a company. Under this transfer agreement, HAL will have the capability to independently build, own, and commercialise SSLV launches,' said Pawan Goenka, Chairman, IN-SPACe. HAL aims to manufacture 6-8 SSLV rockets per year, depending on demand, and is expected to generate about $6.5 million in revenue per launch. SSLV is a three-stage, solid-propulsion rocket by ISRO to launch small satellites of about 500 kg into a 500 km orbit. It's designed to be cost-effective and flexible, offering launch-on-demand capabilities with reduced turnaround times. 'The system is multidisciplinary in nature and will require rigorous training of HAL personnel at both ISRO and HAL sites,' said Rajeev Jyoti, director, technical directorate at IN-SPACe. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories IN-SPACe added that a rigorous eligibility and evaluation framework was followed. 'The process, which continued for several months, culminated in the financial bid evaluation, where HAL emerged as the highest bidder to acquire and operationalise SSLV technology ,' it said in a statement. The SSLV technology transfer will be formalised through an agreement involving HAL, ISRO, NewSpace India Ltd (NSIL) and IN-SPACe. HAL's director finance Barenya Senapati said winning the bid was in line with HAL's larger goal of entering the space sector in a bigger way than it has been doing in the past. He added that the new portfolio will not affect its current operations. HAL and Larsen & Toubro (L&T) are already jointly building ISRO's trusted Polar Satellite Launch Vehicles (PSLV) rockets under a contract with NewSpace India Limited (NSIL). The contract for five PSLV rockets is worth Rs 860 crore, that is, each PSLV rocket costs approximately Rs 172 crore to build. Following the announcement of the winning bid, shares of HAL settled 1.18% higher at Rs 4,960 on Friday.
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Business Standard
27-04-2025
- Business
- Business Standard
IN-SPACe invites private firms to design, develop satellite-bus platforms
India's space regulator Indian National Space Promotion and Authorization Centre (IN-SPACe) has invited applications from private companies to design and develop satellite-bus platforms to reduce import dependence. The new initiative called the Satellite Bus as a Service (SBaaS) aims to provide a pathway for Indian private space players to design and develop small satellite bus platforms for hosted payload applications, IN-SPACe said in a statement. Through this Announcement of Opportunity (AO), IN-SPACe invites applications from eligible Indian non-governmental entities (NGEs) to undertake the design, development, and realisation of small satellite bus systems capable of supporting multiple payloads. As part of this initiative, IN-SPACe will support the realisation of satellite bus platforms through a two-phase approach. In Phase I, up to four Indian NGEs will be shortlisted based on their technical capabilities to develop a modular, multi-mission satellite bus system. In Phase II, IN-SPACe will support up to two hosted payload missions to demonstrate the utility of these platforms. 'The Satellite Bus as a Service initiative is a pivotal step in democratising access for India's Space Sector. By enabling NGEs with this opportunity, we are aiming to push innovation, and reduce our reliance on imports. Together we are looking at making India a global service provider of small satellite bus and hosted payload services," Pawan Goenka, chairman, IN-SPACe, said. The effort is aimed at easing access to flight platforms, reducing time to orbit, and enabling in-orbit demonstration for payload developers. Rajeev Jyoti, director, Technical Directorate at IN-SPACe, said, 'SBaaS is designed to bridge the gap between payload developers and satellite platforms. By providing a standardised, modular bus platform, we offer a cost-effective solution for in-orbit validation of diverse payloads. This initiative will accelerate the development cycle for emerging technologies and enhance India's capabilities in delivering end-to-end space solutions.' IN-SPACe was constituted in June 2020 following the central government's decision to open up the space sector and enable the participation of the Indian private sector in the gamut of space activities. It acts as a single-window, independent nodal agency which functions as an autonomous agency in the Department of Space (DOS). IN-SPACe is responsible for the promotion, enabling, authorisation, and supervision of various space activities of the NGEs that include, among others, the building of launch vehicles and satellites, and providing space-based services; sharing of space infrastructure and premises under ISRO; and establishment of new space infrastructure and facilities.
Time of India
26-04-2025
- Business
- Time of India
IN-SPACe launches Satellite Bus as a Service (SBaaS) initiative for Indian NGEs
Ahmedabad: The Indian National Space Promotion and Authorization Centre ( IN-SPACe ) on Saturday announced an opportunity (AO) for Indian non-governmental entities (NGEs) under the Satellite Bus as a Service (SBaaS) initiative. A satellite bus (or spacecraft bus) is the main body and structural component of a satellite or spacecraft, in which the payload and all scientific instruments are held. The initiative aims to provide a pathway for Indian private space players to design and develop small satellite bus platforms for hosted payload applications. IN-SPACe will support it in two phases. First, up to four Indian NGEs will be shortlisted to develop a modular, multi-mission satellite bus system. Second, support will be provided for up to two hosted payload missions for the demonstration of utilities. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad Pawan Goenka, chairman of IN-SPACe, said that it will push innovation and reduce reliance on imports. Rajeev Jyoti, director of IN-SPACe, said, "SBaaS is designed to bridge the gap between payload developers and satellite platforms. By providing a standardised, modular bus platform, we offer a cost-effective solution for in-orbit validation of diverse payloads."
Time of India
26-04-2025
- Business
- Time of India
IN-SPACe launches satellite bus as service initiative
BENGALURU: Space regulator and promoter IN-SPACe has unveiled a new opportunity for Indian Non-Governmental Entities (NGEs) through its Satellite Bus as a Service (SBaaS) initiative, designed to empower Indian private space players to develop small satellite bus platforms for hosted payload applications . A satellite bus is the main body and structural component of a satellite in which scientific instruments are held. The initiative will follow a two-phase approach, with Phase I focusing on shortlisting up to four Indian NGEs based on their technical capabilities to develop modular, multi-mission satellite bus systems. In Phase II, IN-SPACe will support up to two hosted payload missions to demonstrate the utility of these platforms. 'Through this Announcement of Opportunity (AO), eligible Indian NGEs are invited to undertake the design, development, and realisation of small satellite bus systems capable of supporting multiple payloads. The effort aims to ease access to flight platforms, reduce time to orbit, and enable in-orbit demonstration for payload developers,' IN-SPACe said Saturday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo Pawan Goenka, chairman, IN-SPACe, said that the Satellite Bus as a Service initiative is a pivotal step in democratising access for India's Space sector. 'By enabling NGEs with this opportunity, we are aiming to push innovation and reduce our reliance on imports. Together we are looking at making India a global service provider of small satellite bus and hosted payload services,' he added. IN-SPACe director-technical Rajeev Jyoti said the SBaaS is designed to bridge the gap between payload developers and satellite platforms. 'By providing a standardised, modular bus platform, we offer a cost-effective solution for in-orbit validation of diverse payloads. This initiative will accelerate the development cycle for emerging technologies and enhance India's capabilities in delivering end-to-end space solutions,' he said. The detailed Announcement of Opportunity document is available on the 'IN-SPACe digital platform' for eligible NGEs to register.
