The Hindustan Aeronautics Limited-L&T consortium bagged a Rs 860 crore deal from NewSpace India Limited to build five rockets.
This will mark 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.
After the techno-commercial evaluation of three bids, HAL-L&T consortium had emerged as the technically qualified and the L1 bidder to undertake end-to-end production of PSLV.
