https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Hindustan Aeronautics Limited (HAL) Wins ₹511 Crore Bid to Manufacture India’s Small Satellite Launch Vehicle – Details Inside

Hindustan Aeronautics Limited Secures SSLV Technology Transfer, Boosting India’s Space Ambitions. Indian Space Sector Targets Fivefold Growth by 2030 Amid Global Market Expansion.
Indian Masterminds Stories

New Delhi: Hindustan Aeronautics Limited (HAL) has won the competitive bid to manufacture India’s Small Satellite Launch Vehicle (SSLV), a significant development announced by the Indian National Space Promotion and Authorization Center (IN-SPACe) on Friday. At the time of the announcement, HAL’s shares traded at ₹4,977.60, reflecting a 1.54% gain from the previous close.

HAL Tops Competitive Bidding to Acquire SSLV Technology

HAL emerged as the highest bidder with an offer of ₹511 crore, outbidding two qualified consortiums led by Adani Group’s Alpha Design and Bharat Dynamics Ltd. Notably, HAL participated independently, without partnering as part of a consortium, distinguishing itself in the bidding process. This marks the first major strategic transfer of rocket technology from the Indian Space Research Organisation (ISRO) to an industrial player outside of ISRO’s direct operations.

Empowering India’s Commercial Space Ecosystem

By securing the technology transfer rights, HAL not only gains manufacturing capabilities but also obtains ownership and commercialisation rights of SSLV launches. This move aligns with the Indian government’s broader policy reforms under Prime Minister Narendra Modi aimed at liberalizing and expanding the country’s commercial space economy. The SSLV is designed to carry payloads of up to 500 kilograms to low-Earth orbit, addressing the rising global demand for small satellite launches.

Market Potential and Strategic Implications

The SSLV bidding attracted interest from nearly 20 companies, underscoring the growing commercial appetite in India’s space sector. Globally, the market for low-Earth orbit launch vehicles was valued at $13.9 billion in 2023 and is expected to reach $44 billion by 2032, according to Global Market Insights. India currently holds a 2% share of the global space economy but aims to increase its space market size fivefold—from $8 billion to $44 billion by 2030—further emphasizing the strategic importance of HAL’s new role in the sector.

Pawan Goenka, Chairperson of IN-SPACe, highlighted the significance of this milestone as the government accelerates the opening of its space domain to private industry and fosters innovation and competitiveness.

Read Also: HAL & Safran Aircraft Engines Sign Landmark Agreement for LEAP Engine Parts Production at Paris Air Show – Details Inside

About HAL
Hindustan Aeronautics Limited (HAL) is an Indian public sector aerospace and defense company, headquartered in Bengaluru. It is one of the oldest and largest aerospace and defense manufacturers in the world, with a history dating back to 1940. HAL is involved in the design, development, manufacturing, and maintenance of aircraft, helicopters, engines, and other aerospace systems.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
IPS Akhil Kumar
Centre Urges Uttar Pradesh to Relieve Kanpur CP IPS Akhil Kumar for Central Deputation Amid Legal Controversies
IPS MA Saleem karnataka
Karnataka Appoints IPS Dr M A Saleem as Full-Time DGP & IGP, Ending Interim Role - Full Details Here
Dr. B
Who Is IAS B. Rajender, the New ACS of Education Department in Bihar? Signals Key Administrative Shift
IRS Officer Indian revenue Services
India Appoints 7 IRS Officers Across Key Diplomatic Missions in Brussels, New York, Singapore, Moscow, & Nepal
Rajesh Kumar Meena
IAS Rajesh Kumar Meena Receives 3-Month Extension as Maharashtra Chief Secretary, Will Lead Key Reforms and Polls
SBI_resized
SBI and AFD Sign EUR 100 Million Line of Credit to Boost Green Financing and Climate Action in India
IAS Promotions
Madhya Pradesh Government Promotes IAS Officers Deepali Rastogi & Shiv Shekhar Shukla to Additional Chief Secretary
CM Vishnu Deo Sai
CM Vishnu Deo Sai Returns from Successful Japan & South Korea Tour, Secures Investment Deals for Chhattisgarh
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Mukesh Kumar Bhamoo
Managing Elections, Communal Tensions, and Public Safety – Meet IPS Mukesh Kumar Bhamoo | Video Interview
WhatsApp Image 2025-08-25 at 13.56
Operation Hunt: IPS Dr. Karanraj Vaghela’s Mission to Nab Valsad’s Most Wanted
Dr
Resisted Flawed Schemes, Transferred Thrice In Three Months, Found Solace In Writing
ADVERTISEMENT
UPSC Stories
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
WhatsApp Image 2025-08-12 at 7.27
First Attempt IRS, Fourth Attempt IPS: The Relentless Pursuit of Jitendra Kumar Yadav Who Cracked UPSC 3 Times
IPS Yadav is originally from Chhattisgarh. He was first selected for the IRS through UPSC and later for...
Social Media
Masahiro Hara
From Go Board to Global Use, How QR Codes Changed the World: IRAS Officer Ananth Rupanagudi Spotlights Masahiro Hara’s Vision
IRAS officer Ananth Rupanagudi shared a video on Masahiro Hara, the inventor of QR codes, highlighting...
IFS Susanta Nanda Video
A Mother’s Duty: Tigress Watches Over Cubs Splashing in Waterhole — Heartwarming Video Shared By Retd. IFS Officer Susanta Nanda
A tender wildlife video shared by Retd. IFS officer Susanta Nanda shows a tigress keeping watch over...
Mohanmala
Kaziranga Mourns: Beloved Elephant Mohanmala Passes Away After Five Decades of Service
Kaziranga National Park mourns the loss of Mohanmala, a beloved elephant who served over 50 years as...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
IPS Akhil Kumar
Centre Urges Uttar Pradesh to Relieve Kanpur CP IPS Akhil Kumar for Central Deputation Amid Legal Controversies
IPS MA Saleem karnataka
Karnataka Appoints IPS Dr M A Saleem as Full-Time DGP & IGP, Ending Interim Role - Full Details Here
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Mukesh Kumar Bhamoo
WhatsApp Image 2025-08-25 at 13.56
Dr
ADVERTISEMENT
ADVERTISEMENT