Hindustan Aeronautics Limited (HAL) has received the technology to manufacture the Small Satellite Launch Vehicle (SSLV) from ISRO. The process will be completed in 24 months, and the first rocket will be ready by 2027. The company has been given the responsibility of production for 10 years. This news led to a surge in HAL's shares.
HAL Share Price: Hindustan Aeronautics Limited (HAL) has been transferred the technology for manufacturing the Small Satellite Launch Vehicle (SSLV) by ISRO. This agreement is the 100th technology transfer facilitated by IN-SPACe. HAL will complete the process within 24 months and build its first SSLV rocket by 2027. Following this, the company will be responsible for production for 10 years. This strategic deal will enable HAL to emerge not just as a component supplier but also as a satellite launching service provider.
ISRO Hands Over SSLV Technology
The Indian Space Research Organisation (ISRO) has handed over its Small Satellite Launch Vehicle (SSLV) technology to HAL. This transfer was facilitated by the Indian National Space Promotion and Authorization Centre (IN-SPACe) and marks the 100th technology transfer agreement. The SSLV technology is used to launch satellites weighing less than 500 kilograms into Low Earth Orbit (LEO).
Significance of This Technology Transfer
This agreement between ISRO and HAL is considered a significant step towards strengthening India's space industry. This technology transfer will enable the production of small and cost-effective rockets. Furthermore, it will enhance India's position among countries offering affordable and reliable launch services globally.
Process to Be Completed in 24 Months
The technology transfer process will be completed within the next 24 months. Subsequently, HAL will prepare its first SSLV rocket by 2027. Within this timeframe, the company will receive training and technical support at every stage, from design to manufacturing and quality control.
Responsibility for Production for 10 Years
Under this agreement, HAL has been entrusted with the responsibility of producing SSLV rockets for 10 years. The company has been granted a non-exclusive and non-transferable license for this purpose. This license covers all responsibilities including design, manufacturing, integration, launch operations, post-flight analysis, and training.
Until now, HAL was primarily known in the aerospace and defense sectors. However, this agreement will see the company evolve from being just a component supplier to a mass-production service provider. HAL's presence in the rapidly growing small satellite market could establish it as a major player.
Impact Seen in the Stock Market
The impact of this significant news was directly reflected in the stock market. HAL's share rose by Rs 91.50, or 2.05 percent, to Rs 4545 on Tuesday. By around 1:15 PM, the company's stock was trading with a b upward trend on the BSE. Investors believe that this new order and technology transfer are highly positive for the company's future.
How SSLV Works
SSLV is a three-stage launch vehicle specifically designed for launching small satellites. Its key advantage is its rapid launch readiness and significantly lower cost compared to larger rockets. With the increasing global demand for small satellites, the importance of this technology is further amplified.
