HAL-L&T consortium bags Rs 860-crore contract to build five PSLV rockets

The contract was exchanged on Monday between HAL and NSIL during the inaugural session of the 7th Bengaluru Space Expo 2022 at the Bangalore International Exhibition Centre (BIEC), according to an official statement.
PSLV

PSLV

Bengaluru: A consortium of Hindustan Aeronautics Limited and L&T has won a Rs 860 crore deal from NewSpace India Limited (NSIL) to build five Polar Satellite Launch Vehicle (PSLV) rockets over a period of four years.
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.
The contract was exchanged on Monday between HAL and NSIL during the inaugural session of the 7th Bengaluru Space Expo 2022 at the Bangalore International Exhibition Centre (BIEC), according to an official statement.
Over the years, ISRO’s PSLV, has successfully performed more than 52 successful flights and the vehicle has since attained its operational status. ISRO formed a separate entity NewSpace India Limited with primary mandate of enabling Indian industries to scale up high-technology manufacturing and production base for meeting the needs of the Indian space programme.
As part of its mandate, NSIL had invited Expression of Interest (EoI) on August 16, 2019, for realization of five PSLV-XL Launch Vehicles by Indian industry. Based on competitive bidding, HAL led consortium emerged as the successful bidder.
"We have now signed the service level agreement with the industry for production," PTI reported citing an official of NSIL, a central public sector enterprise under the Department of Space (DoS) and commercial arm of the Indian Space Research Organisation (ISRO).
"May be in less than two years, we (the 52:48 HAL-L&T consortium) will be able to deliver the first rocket from the industry consortium, fully built by the industry, with appropriate hand-holding from ISRO," the official said.
According to the official, about 80 per cent of mechanical systems and 60 per cent of electronic systems of PSLV, the third generation launch vehicle of India, at present come from the industry. However, the remaining percentages in both the areas are highly complex.
The consortium will now be responsible for producing, assembling and integrating the launcher by making use of the existing ISRO facilities under GOCO (Government Owned, Contractor Operated) model.
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