ISRO will fully transfer its Small Satellite Launch Vehicle (SSLV) technology to an Indian company, HAL

What is it?

Complete Technology Transfer (ToT) for ISRO’s SSLV, allowing an Indian company to autonomously develop and market the rocket.

Entities Involved: ISRO, IN-SPACe (space industry regulator), NSIL (commercial branch), HAL (beneficiary).

Granted By: IN-SPACe, following a two-phase national bidding procedure, where HAL secured victory with a ₹511 crore offer.

Goal: Enhance private involvement in space, facilitate commercial launch services, lessen reliance on ISRO for small satellite launches.

Characteristics:

HAL will possess the SSLV and has the ability to alter its design.

Complete production capacity — 6 to 10 rockets annually.

Initial ToT duration: 2 years with ISRO support.

HAL will autonomously manage future launches after ToT.

Regarding Hindustan Aeronautics Limited (HAL):

What Is It?

India's biggest aerospace and defense public sector unit — a leader in aircraft and aerospace technologies.

Main office: Bengaluru, Karnataka.

Founded: 23 December 1940, initially as Hindustan Aircraft Limited.

Ministry: Belonging to the Ministry of Defence, Government of India.

Goal: Create, produce, manage, sustain airplanes, rotorcraft, powerplants, electronic systems, and aerospace parts.

Essential Attributes:

• Over 85 years of involvement in the advancement of India’s aerospace sector.
• Initial Indian company to produce MiG-21, Jaguar, SU-30MKI, LCA Tejas.
• Engaged in space systems — provides frameworks for GSLV Mk-III, Mars Mission, Human Spaceflight.
• Collaborate with ISRO on cryogenic engines and structures for aerospace launch vehicles.
• Various divisions throughout India in aircraft, helicopters, avionics, composites, MRO, and space.
• Listed on BSE and NSE since 2018.